germany decides to extend the lifespan of another of its last nuclear power plants, as the energy crisis. forces a rethink about supply and a hawkish monetary policy being felt around the world will show you what impact the federal reserves aggressive interest rate hikes are having outside of course, over welcome to the program. the communist party congress is in full swing and beijing and chinese stocks are up. that was premier lee catch young vows to support economic growth. he made their marks at the ongoing congress and just a day after china delayed the release of economic indicators scheduled for publication this week, including the countries 3rd will quarter g d p. data. visitors are closely watching the congress where the parties general secretary jumping, is expected to be handed a 3rd term in office. now,

despite government leaders stressing that things are looking up, chinese economic growth has recently faltered for a long term boost to state and party leader. jumping is relying on domestic consumption, however, there is a problem. china's population is agey. last year, roughly 18 percent of the population were younger than 14 and 13 percent were older than $65.00. now the united nations are expecting a significant shift by the year 2050 by then, according to a new study, only 11 percent of the chinese will be under 14 and seniors. over $65.00 will make up a full 3rd of the nation's population. for some more insights, let's bring in valerie tan. she's an analyst at the mercator institute for china studies. welcome to w, valerie. after decades of a one child policy, the communist party is advising or allowing families to have 3 children. now, why is china's birthright still one of the lowest in the world though?

i think that many reasons been isn't one of the key meetings that we should really highlight in congress going on right now is to like a said chinese politics when you don't have it. now women then representative government that women's issues, such as a battery, such as relating to gender, economy are not represented documents. and that is why one of the reasons key reasons underlying this is that on the ground that women in china feel economically and socially insecure. and they don't see that need to have more than one year despite state and party leader jumping, saying is going to rule, establish a policy system to a booth. birth rates. i mean, there have been measures like tax deductions, longer maternal lead maternity leave and hands, medical insurance. all these things have put in place that they're not showing

a real impact on well, you can just simply throw money at a problem and expect people to russia. hospitals, or if i have kids at home, the issue really is more than just about money and financial support. sure, those are important things as well. but there are real structure issues on the ground that have not been resolved. if you realize that in the past year, we have been hearing a spade of high profile cases where this violence investment and domestic abuse case is really coming up to the surface in china. those issues and those cases really reflect the fact walsman to protect women. when women don't feel secure and society, wendy, don't feel economically secure than they do and see to point. like i said earlier about having children because their children want to feel safe in an environment in that environment. what impact is this sir? demographic trend having on economic growth well,

we are about to witness a demographic crisis in china as highlighted by the united nations, as highlighted by the population planning authorities in china. so and one, the key thing that we would like to highlight here as well is that the population planning in china is releasing a survey, results about how women and how can families feel about having sure. so that's one thing to watch. but in the longer term, this means productive. anti and production and manufacturing will take a hit because in the global competition, when you have an aging population, people ask longer and a whole the easter for us to retire. that is not something that the chinese society will be able to accept and also like will the younger generation of what we see more people be able to take on more jobs. and this is a big transition, an adjustment for china right now. well, or at the same time, one can argue that countries like japan, like germany,

they're also facing an aging population. but there hasn't been a real let down and growth when it comes to this matter. yes, i think that is something that china is also been watching and drawing lessons from . that is why you see the government investing a lot observation autonomy cars trying to like many automate processes that used to be done by humans. but at the same time, then you also get social policies. is that enough of the social welfare to support the asian population? because if you don't have enough resources that, that is great to financial pressure on families who are like, you know, who is the one child a written by national pressure for them to support elder parents, grandparents and yeah. in those then that needs a lower capacity for them to consume and spend right. well written of the mercator institute for china studies. valerie, thank you. an auto,

some of the other global business stories making news. exxon mobil says it has completely left russia after president putin expropriated is properties. the move from the russian liter followed months of discussions. exxon says it was not compensated for the assets which are estimated to be valued at $4000000000.00. a group of 8 starbucks employees in south carolina and united states or soon the company. they are part of a unionized group of workers and say their manager has falsely accused them of assault and kidnapping. after they demanded arrays. large financial institutions have increased their funding to companies responsible for deforestation around the world. that's according to the forest and finance coalition. the n g o says that said financing rose over 60 percent to $47000000000.00 from last year. and all 3 of germany's remaining remaining nuclear power plans will stay operational until mid

april. that's after a decision. by chancellor, all shots of the social democrats, the measure is targeted to help the country through an energy crisis energy from the power plants replacing gas deliveries from russia without creating a bigger reliance on coal. all right, let's take a look at this controversial matter with cassandra sunk from dw business, cassandra tell us more on why the chancellor needed to put his foot dock. there was a big meeting this weekend. all 3 coalition partners were there to hash. at some of these details, there was an agreement that some of the power plants had to stay open, but the stalemate was which ones and for how long. so the chancellor didn't put his foot down. he has told his cabinet ministers in a letter that the 3 remaining nuclear power plants will stay open and tell it to put proposals together to allow the 3 remaining and power plants to stay open until april of 2023, to the political divisions, bridge to your for the moment will keeping the plans open,

solve the energy crisis. no, no one thinks this is a silver bullet. chris and the chancellor himself acknowledged that he wrote that there is a need in germany for an ambitious energy efficiency law. for example, prior to the russian invasion of ukraine, you'll remember germany's a big pillar of germany's energy economy was cheap russian energy. and now that pillar has been functionally removed. everybody's trying to move very quickly to build up this infrastructure as quickly as possible to gain a little bit here a little bit there. and keeping these 3 nuclear power plants open for longer than they were planned for is one of the measures that they're putting into place. tell us about the costs of the step does move the costs and benefits right now are still kind of being felt out. so experts are saying that keeping these nuclear power plants open is critical, especially during times of high demand, which we're anticipating as the the nights get longer and the days get colder. germany's industry lobby, for example, has also welcome the delay,

but they've acknowledged that the german government does need to put more effort into securing cleaner morph, climate friendly energy, not only in the long term but also in the short term. meanwhile, glean peace has criticize the move. they said in this age of hybrid warfare that were in that nuclear reactors could be a target d, w versus cassandra zoned for central. thank you. now, according to a benchmark index, the u. s. dollar is up 18 percent. this year, against a basket of key currencies man trying to combat record inflation. the federal reserve has been aggressively hiking interest rates in the united states with the impact showing far beyond us porters. as long as there are cars, there's a need for people who can fix them. but in this repair shop in nairobi, one of many in the neighbourhood times are increasingly tough. the business is struggling. customers are unhappy. the cause, the strong us dollar and a relatively weak local currency,

which is sending prices through the roof. sometimes you find that they say increase about 10 to 20 percent in their cost of a fair fight within a period of maybe $5.00 to $6.00 as 6 to 12 months. we ship, why not expecting forest lake now? we are in wholesale and retail of pots, and you find that most of the customers complain a lot just down the road paths dealer albert jig. it feels the same pain we are continuing to to lose if i used to pick my children to holly disney cannot do those had he does anymore. because i am at the of the we can actually it's a phenomenon which is heating small businesses around the world across all sectors . in easton, bull chill out cali, sells infant clothing and diaper bags in his 2 shops. a lot of wasn't that we purchase material and paper manufacturing in us dollars that we sell in turkish lira. that's the problem. it's why kelly has to raise prices for turkish customers

who have to pay him in the degraded local currency. arising dollar is causing pain overseas in a number of ways. it makes other countries imports more expensive. it forces central banks to raise interest rates to defend their currencies and keep money from fleeing their borders. it squeezes companies, consumers and governments that borrowed in dollars because more local currency is needed for loan repayments and those higher borrowing costs. we can economic growth and drive up unemployment. now, have you ever stepped on a lego blocks in your kid's room? out, right. well, step on this, a lamborghini built entirely out of lego. it took 400000 pieces, 154 different shapes. and just to day this cool ride was showcased at the paris

auto show. looks great, but sorry you lego, and those yes. out there. it won't come as a kit. hm. that's our show for more news and background information. check out our website at d, w dot com slash business. and of course, the d w's youtube channel will bring you all the latest news from around the world . i'm chris kolber, on berlin from me and the entire business team. thanks for watching. have a successful? ah ah, [000:00:00;00]

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taxation is undermined with won't pay taxation oh ticks. so it's up to between 1st on the w ah ah ah, ah, this is dw news life from berlin. another wave of russian strikes targets, ukraine's energy infrastructure. power is knocked out in the capital, keith, and in many other towns and cities. president zelinski says moscow wants to