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tv   DW News Asia  Deutsche Welle  September 28, 2022 4:30pm-4:46pm CEST

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ah, and help me become a forgotten film tie in leaning he finished i and i know to fund between hitler and hollywood 1932. they set out into the icy wilderness of greenland to create a life threatening film project that became a major milestone in their lives. love, seduction and power. ice cold passion starts october 8th on d, w. this or did up the news asia coming up to date. china's homeowners facing uncertain future's. there's those who paid for a home, but didn't get one. and now china's depth written property market is forcing some to move into unfinished houses, plus those that have
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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 feet story, also from china, a heating touch of pets, traditional chinese medicine is now being offered to pitts and that was sway bites . curious to 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 sauces to build the house. but instead,
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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 misuse home for the past 6 months. she bought this apartment off plan 3 years ago, but the proper to develop her 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
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family's assets are invested in this place. oh cool. yeah. ah. living conditions here at dia, shoe, and about 20 other buyers who live in the unfinished higher blocks. sharon made shift outdoor toilet yet said actually, 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 frank 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. this is not easy for older people like
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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 stalled building projects accounted for nearly 4 percent of the countries housing market. after recent mass protests, the chinese government announced measures to pay allowed, failing property firms. ms shoe and her fellow homeowners can only hope that this may help get construction on their properties. started again. andy, double china, unless discipline and joins bring the studio for more. clifford welcome. how likely is it a vert, mrs. true, will ever get her home finished? well, i think in this particular case, she probably will get her project finished because she made a fuss and she'd 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.
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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 houses are going to be finished anytime soon is, is, 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 as 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 is 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 bill these apartments and another in a position where they, they can't deliver. so when we seen the government has said that it will lend
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$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. where you've got the da 0 call 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, when 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 ought to see this as a potential problem. and i think it does on one level, it recognizes that,
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and when people are doing things like not wanting to pay their mortgages and 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 strong for so many years that a kind of believes 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, we had whole cities that were go cities beside new port facilities or whatever. and you know, and i visited those places, am 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 china's or housing
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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. it's like 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 was in there. i'm in my sixty's. i've always lived here. i was born here,
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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 sound which between highway fly of as well, surrounded by high rise apartment blocks like this home in hung chew isn't as have 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 fed 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 nail 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
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china. so people become very attached to it. and as we've seen in the report, reluctant, reluctant to give it up, 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 or probably gone, because the real estate companies have shown themselves to be a lot less reliable than they appeared to be 10 years ago when the real estate companies were driving all the growth in china. so i think i did the whole notion of the nail houses these, these individual bizarre looking at scenarios is very, it's very easily explained when you see how people are attached to these properties . it's actually interesting what you're saying. so moving forward, we are seeing lesser influence, if you like, from the real estate companies in driving china's growth and more government control is that would be looking at i think so. i mean, i think the days where the real estate companies can do what they want,
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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 you, where you have a free hand to do whatever are over. we leave a burglary of it. good, and thanks so much for coming into the studio and break them 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 owner's belief is better than western
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medicine. they give their full trust to dr. lee, who says his methods a less invasive and more effective a yard hung for some pets with inflammatory bowel disease and are specialize in doctors of western medicine, cider, incurable. or if i don't take hormones for the rest of their lives, all have constant diarrhea. but i used acupuncture to cure them that hearing fennel doretha shall me, has problems with his legs and as a regular patient here. doctor lee makes a thorough examination before planting needles and acupuncture points specific to docs. oh no molly was told to show me would become paralyzed, but after several treatments, she says her dog can walk normally. and sometimes even bron hanging out his apple, he's in jail. you know what? if he feels uncomfortable, he'll refuse to come. now every time i tell him we're going to visit doctor les for treatment, he gets very excited. i do. every year dr. lee treats around 2000
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animals in all shapes and sizes. and many of the sick, 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 is more from the region on our website, t w dot com, forward slash asia. and as ever, you can follow us on facebook and twitter back tomorrow at the same time. we'll see them go by him. when you work as an architect, like go all in or not at all women in architecture. why are they so invisible to the larger publisher? we decided to ask them versus the, what is the poetry, the secret of a house?
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and i'm told about their motivations. the real goal of architecture is to create habit dead for human, about their struggles and dreams. sponsibility is huge, they have so much to lose shattering the glass ceiling women in architecture. does this have to be really, really good? starts september 30th on d, w. ah, and a legit act of sabotage on to gas pipelines, 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,
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inflation and energy rows are to weigh 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 baltics. 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, gas and rushes gas prom could further.

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