[000:00:00;00] a great time, one, very much a line, dw channel, your guy with recognizes where exactly it was fun. i learned a lot. our culture history. all their d. w. travel extremely worth a visit. ah, visit did up the news asia coming up today. china's homeowners facing uncertain future's. there's those who paid for a home, but didn't get one. and now china's different property market is forcing some to

move into unfinished houses, plus those that have a home. but don't want to give it up. these home owners refuse to move despite huge property development coming up around them. why? and later in the program and off the story also from china, a healing touch of pets. traditional chinese medicine is now being offered to pitts and their owners sway bites curated, perfect. ah, i'm british manager, welcome to the dublin news asia. glad you could join us. it's a terrible situation for many prospective home or nose in china. having invested their savings in their dream home. they are now faced with the possibility that it may never be built a paying a part of the cost of a new home is how the majority of homes are sold in china. the idea is that bill

does use this money along with loans from other sources to build the house. but instead, most builders have used this money to keep investing in new projects without finishing the ones they're already have. and in the past 2 years, with access to easy lawns drying up due to government regulations. builders are out of cash and saddled with huge debts. but the eventual price is being paid by homeowners with their savings dried up, many have no choice, but to move into unfinished properties. they have paid for this has been mis shoes home for the past 6 months. she bought this apartment off plan 3 years ago, but the property developer went into financial difficulty. and construction on the project stopped with a deposit paid in advance and monthly mortgage payments going out miss. she eventually had no other option than to move into her unfinished flat.

and it feels like suddenly crushing from paradise back to the ground. all my family's assets are invested in this place. oh cool. yeah. living conditions here at dia, shoe, and about 20 other buyers who live in the unfinished house blocks. sharon made shift outdoor toilet, yet whether there is no electricity or heating and no running water. so residents have to fetch it from a tap in the communal court yard. cool, now when we buy water to drink, we saved the bottles so we can fill them up here. we had no choice. when we moved in here, we had to set up a water pipe for all of us. we fuck tone is washed our clothes and our hair here mentally didn't. okay, i see you miss shoe and the other homeowners are hoping that their presence here

will put pressure on the building company is not easy for older people like us to buy a house in the lifetime. so we have to fight for our rights and interests. they're not alone in their fight. in the 1st half of 2022 stall building projects accounted for nearly 4 percent of the countries housing market. after recent mass protests, the chinese government announced measures to be allowed failing property firms. miss shoe and her fellow homeowners can only hope that this may help get construction on their properties. started again. andy, double china, i'm listening for conan jones be in the studio for more. clifford welcome. how likely is it that mrs. true will ever get her home finished. well, i think in this particular case, she probably will get her project finished because she's made a false and she's been quite high profile. but i am, i don't think she's in any way typical. and we're talking about stalled projects that are meant to 4 percent of

a housing markers which itself accounts for 30 percent of china's total economy. these are massive numbers. a 90 percent of all plans in charge of all housing and china is bought off the plan before it's even built. so you're talking about a massive problem. and the idea that all of these on finished buildings are going to be on finished has, is, are going to be finished anytime soon. it is very, very difficult to imagine. i think she's really, she's not going to be typical. i think it depends who you are. i think depends where you are because regional issues play a big factor here and it depends, am what kind of ability you have to push your to push your case. so i don't think she's going to be in any way typical. but what about the brilliant companies themselves to leave and have the cash to be able to try to complete a project? well, that's it, that sure, in short answer is no. and that's where a lot of the problem is they've, they pledged all this money. they pre sold all these apartments, and they've been pledged all this money to, to build these apartments and another in a position where they,

they can't deliver. so well. we've seen the government has said that it will lend $30000000000.00 towards helping these projects get finished. but that really is a drop in the ocean and they haven't paid suppliers. they haven't paid all the way down to the chain that is involved in creating a finished department. there's missing money. so it's, it's a, it's a myriad problem that is spreading across the whole of the real estate sector am and they don't have any access to new money as well because the economy is slower. and you've got a da 0 called coven policy, which means that, and the chinese economy is now rowing, am slower than the rest of asia. for the 1st time in 30 years. we have all these new factors that play which didn't exist when, when all of these sam on all of these plans were made. so you have a situation in richer firms appear over leveraged in debt. they don't have the cash to complete projects and some 2000000 unfinished homes across china. though the

communist party see this as a potential problem. am i think it does on one level, it recognizes that and when people are doing things like not wanting to pay their mortgages, am that that this could be potentially destabilizing am. on the other hand though, i think there is a belief am in a way that china has become kind of addicted to growth that it's been growing for so strongly so strongly for so many years that a kind of beliefs is going to be enough. dynamism, india, economy at to keep things going on that eventually that this problem will kind of work itself out, that the project may not be finished this year, but maybe next year. now there are precedents for why this could happen. we had maybe 10 years ago when the housing boom was really taking off, you had huge, he had whole cities that were go cities beside new port facilities or whatever. and you know, and i visited those places and everything was even money in the atm machines. and there was nobody in the, in the whole build in the whole city. those cities filled up, but that was a different period. that was when the economy was growing, double digit percentages every year. so they're going to have

a problem. they're different. let's talk about another aspect of a, china's or housing market one. we're unlike what we're seeing here, home owners do have some control over where they live, even if it means quite literally in the middle of a car park to houses like islands, set in a sea of a shopping mall, column park. what looks like a scene from a surreal movie is not an uncommon sight in china, but it may look strange to you, but these houses have been here for ever. it's nothing extraordinary. the owners of these homes are protected by a law that stipulates that it's illegal to demolish a house by force without the owner's agreement. and they seem undeterred by the concrete jungle that sprung up around them. you think this year we didn't plant anything, but normally there are flowers everywhere. the owner has no intention of leaving, wasn't there?

i'm in my sixty's. i've always lived here. i was born here. nail houses, as they're known in china, have become symbols of resistance against large scale developments and china's rapid organization. they can be found all over the country. sandwiched between highway fly of as well surrounded by high rise. apartment blocks like this home in hung chew isn't, is i've been waiting for every location of a for 3 years now. in the meantime, they're happy to remain on their little island in the midst of a mega city to for reporting projects in china, where once the government decide something has to be done. individual choice, a homeowner's choice is irrelevant, they just essentially have to go. what explains then these mail houses? well, people are very attached to their properties and perhaps more so than in other countries because there's no other way of saving money. you know, other ways of saving money for your pension, for health care, for education, it's all tied up

a property because it's the main investment vehicle for the ordinary person in china. so people become very attached to it. and as we've seen in the report, reluctant, reluctant to give it up. and increasingly the government is less likely to, to push people out because of it's, the optics are bad, and it's d stabilizing. and the days where they were backing the real estate companies without an e. m. without any qualms, are probably gone because the real estate companies have shown themselves to be a lot less reliable than they appear to be 10 years ago when the real estate companies were driving all growth in china. so i think i did the whole notion of the nail houses these, these individual is, are looking at scenarios and is very, it's very easily explained when you see how people are attached to these properties . it's really interesting what you're saying. so moving forward, we are seeing lesser influence, if you like, from the real estate companies and driving china's growth and more government

control is that we'll be looking at. i think so. i mean, i think the days where the real estate companies can do what they want, and it's not just in real estate. we've seen it in the technology sector. we've seen us in education. we seen lots of different sectors where the government is saying that the days of untrammeled growth, the days of and you are, you have a free hand to do whatever are over. we lever berkeley of it. good. and thanks so much for coming into the studio and break that down for us. ah, now for something completely different. traditional chinese medicine with its range of treatments has its adherents the world over. but lately, it's found a nuclear intel in the country of its origin, china pets are now being offered treatment for elements. it sounds strange, but not if you ask pet owners and their pets. a deep relaxation treatment for tides it to day, the dog is getting moxy bastion

a traditional chinese therapy that some pat owners belief is better than western medicine. they give their food trust to dr. lee, who says his methods a less invasive and more effective a yard hung me for some pets with inflammatory bowel disease and i specialize in doctors of western medicine cider, incurable. and if i don't take hormones for the rest of their lives, all have constant diarrhea. but i used acupuncture to cure them very often. you to recall shall me, has problems with his legs and as a regular patient here, doctor li makes a thorough examination before planting needles and acupuncture points specific to docs. oh no molly was told, shall, may, would become paralyzed. but after suffer treatments, she says her dog can walk normally and sometimes even run hurrying out his apple, he's in jail her all wondering if he feels uncomfortable. he'll refuse to come back . now every time i tell him we're going to visit,

don't delay for treatment. he gets very excited. i do. every year dr. lee treats around 2000 animals in all shapes and sizes. and many of the sick pads seem to leave the clinic with new found energy. one good reason for their owners to keep coming back and that's it for today. a bit more from the region on our website, t w dot com, both slash aisha. and as ever, you can phone us on facebook and twitter back tomorrow at the same time for to them . but with rearing to read. ah, everyone who loves books has to go insane. with

d. w. literature list 100 german must reads. we're all set with the to go be of yes with him as we take on the world. we're all about the stories that matter to whatever it takes for me from i'm following dfw on fire made for mines. ah, and a legit act of sabotage on to gas pipeline connecting germany and russia rattles energy market. we look at the economic implications of this late

a source of geopolitical tension. also on the show inflation and energy was our to way down on growth and be ex soviet block. that's according to the european bank for reconstruction and development. we speak to its chief economist and china. economic slowdown makes it hard for luxury shop earth. hold on to the designer good. creating a thriving 2nd hand market. this is the w business. i'm janelle delilah unwelcome. the european union says that the north stream $1.00 and $2.00 gas pipelines between russia and europe were deliberately damaged in the politics, the use of the probable act of sabotage. that energy price is higher as the vulnerability of european energy supply and infrastructure was once again thrown into sharp relief. additionally, a payment dispute between ukraine's and nafta,