tv Business - News Deutsche Welle November 29, 2022 12:15am-12:31am CET
12:15 am
or players assigned to big clubs after those work up, if they're continuing to do well. interesting stuff, philip hepner, of d w. sports. thank you so much. you're wanting to, we knew, here's a quick reminder of our top story today. china is clamping down on protests against the government 0 cobit policies. several cities are seeing a heavier police presence. the rallies are a rare show of define and that's all for me for now. right? watts will be here. next, with the business, use an economic impact of the protests and china. america, really, thanks for watching every day for us and for our planet. global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats?
12:16 am
what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smarting solutions overseas said in our ways or is truly unique. and we know that, that uniqueness is what allows us to live and survive google ideas, the environmental series in global 3000 on d, w, and online ah, beijing clamps down on the biggest protests, the senate generation angry citizens have had enough of china 0 cove, a policy and its impact on their lives and the economy that could these buildings just outside of dubai, provide the green alternative to the fossil fuels on which the city was built. this
12:17 am
is data we have business on robots in berlin. welcome to the program. global stock prices and oil prices. how fallen is china witnesses? it's most severe civil unrest. in decades. chinese citizens have been demonstrating against the countries strict strategy to contain cove at 19 cases, which has taken a harsh tone on lives, but also on the country's economy. not since the pro democracy rallies of 1989 has the government in beijing faced such descent from its own people. the simmering anger of many people in china is boiling over. more now dare to take to the streets . the fox con workers uprising is transforming into a nationwide protest. people can no longer stand the long and frequent locked downs . chinese citizens are demanding relief from government rules and i don't don't on, we can live a normal life only if they eat the restrictions. otherwise everything will come to
12:18 am
a halt. how many people have the savings to support themselves if things stay this way? and even if you have money to stay at home every day, that's not true. living that's lingering on the last breath of air. experts believe that the widespread lockdown to endanger the country's economic progress. president changing, paying and the communist party are currently driving china's economy into the wall . warns british economists george magnus. the challenger, of course, is that the communist party is very rigid in its view and very controlling in its attitude to everything, from industry to the economy, society and everything you can think of. so the problem if i want to cover encapsulated really, is that china's development model, in which legitimacy of the communist party is based at home, and also to some degree in the big white world. that development model is,
12:19 am
is no longer fit for us. although many companies are still earning a lot of money, experts predict that china is losing its luster as a valuable partner in the global market for companies to be able to, to now kind of look at other countries in asia and beyond. for changing the supply chain. sort of take a decades to, to build up, it won't happen quickly, but i'm pretty sure it is starting to happen now. it's not just the impact of the lock downs. there are other problems of china's own making. the real estate market, which makes up 30 percent of china's economic output, is in deep crisis. the government has put the brakes on a successful tax sector. it has become too powerful. growth is slowing and international investors are withdrawing. the government's goal of becoming the world's largest economy is receding into the distance. i can now speak to marina
12:20 am
road, jack, who is a china specialist at the university of heidelberg, thanks a lot for joining us on the program, marina. and how much are these economic considerations playing a part in the discontent among people in china at the moment? well is certainly do play a role if you remember in the summer there was a real estate crisis. people stopped paying their mortgage just because they were afraid they will never get to see the last they are paying for. there was a crisis with access to bank accounts where people were protesting in front of banks saying no savings, no human rights. but it is not the only reason why people are protesting. but as the economy slows here is to say that that dream of china being the largest economy in the world, sort of slipping away as well. how much of president she, jim ping's ability to cling on to power so far and keep extending his terms has been down to the performance of the economy. well, if you remember,
12:21 am
and one of the founding minutes of the party was to make the people richer and since things you know, the thing, the consensus with the people was, you know, we make sure that you are better off economically and you stay out of politics and this seems no longer to work, certainly not for the younger generation that was born after the 1980s. and that is experiencing and economic downturn and the limitation of their rights. this is the bowling over there with the protest against the 0 cove. it seems to be sort of the focus of the anger as it were. is there any chance of 0 coverage policy being dropped though because of the process or because of the economic impacts? well, the party is in a very difficult situation. on the one hand,
12:22 am
china does not have enough intensive care bad capacities. the level of vaccination is fairly low, and the effectiveness of chinese vaccines is also lower than the one of western vaccines. on the other hand, now with the people protesting, it's very clear that the government will have trouble continuing the policy as it is. so i think what we can expect is, you know, selective responses to what the people are asking for. also to make sure to separate the onto corporate protests from the protest against the governance and of the government. and i guess we have to see where these protests go and how they develop and we are in a reject from the university of heidelberg. thanks a lot of joining us here on data we business. thank you. to the u. s. now where airports have seen their busiest day since the corona virus pandemic began. the
12:23 am
transportation security administration says it screened 2560000 air passengers on sunday, as people made their way home after the thanksgiving rush. that is the highest figure since december of 2019, but not quite as many as the last pre pandemic. thanksgiving back in 2019 wellness. let's bring in our wall street correspondent yann's quarter joining us from new york and youngs the asian industry in the u. s. back on its feet. now no up. the business is definitely back. we've already seen it in the 3rd quarter. that some of the big airlines here in the united states had record revenue figures, even if we still have a few less of flights than in 20 might 90. before the pandemic game hit and that we have less flights actually depends that there is still a shortage on flight attendance for instance, or also
12:24 am
a pilot. so what we can also see here that there is a lot of pent up demand. there is the wish of for people to travel and they're obviously willing to pay almost them every price, at least if you look at the months, i believe it was in september, october of travel or ticket price this year in the u. s. were about 40 percent higher than in the year prior. so that is definitely also something that the big airlines are profiting from it. even if for the news that a travel, pretty much expected, not translate into a higher stock price to see on wall street, at least than the monday session, is perhaps another signifier in how the a year's economy is doing in the festival of consumerism. i suppose that we've just had, we just had black friday. we seem to last longer every year. and cyber monday, of course, have americans been spending big this year? i mean, robbed thanksgiving is done and over with so. so
12:25 am
a meaning that the holiday shopping season is in full swing and so far it does look like the u. s. shoppers are still willing to spend on black friday alone. americans are paid about or even more than $9000000000.00 on line. so that is an you a record. what is definitely interesting to see is that people are spending that is a good sign for the overall u. s. economy. but people are also spending more on a credit. there is this by and i'll pay later method or also if you look at the credit cards, i mean all of those a debt is rising. so of, for now, there seems to be an urgency for one side from retailers to got the products out for consumers to shop. but the big question is, if that trend can hold, if we might be looking at a possible a recession in the next couple of months, okay, ends quarter nailed for us. thank you. now, de covenant zation scene is essential to saving the planet from catastrophic
12:26 am
climate change. countries across the world are encouraging investment in green technologies that also goes for those nations who have built their economies on fossil fuels. united arab emirates is among them divide. this glittering city was born out of the profits from oil and gas. now do the emirates one to become pioneers of renewable energy, with plans to produce a quarter of towards green hydrogen. the sun drenched city is surrounded by swats of desert on which the works. largest solar park is being constructed. its low cost green energy in abundance, and it helps power to 10000 square meter hydrogen plant next door. hydrogen is produced here using a fairly simple process. first tap water is purified and disseminated. it's then heated to 60 degrees before being fed into the center of the plant. it is then
12:27 am
split into oxygen and hydrogen. the oxygen escapes while the hydrogen stores energy for power and heating. hashem is maya says the past 2 years have proved very destructive. many lesson was learned. we learned the different maintenance operation procedure, the safety procedure. we learned how a different level of sun suddenly to be placed at different location. we also train a moratti's ah young morality to handle the future. here at to plant, the hydrogen is burnt and channeled into the biased power grid. what we're producing enough energy to power 500 households. and this is just to start, says fog water while avoiding his industry. and because we want to developed his industry and that requires courage, courage,
12:28 am
which all involved parties him mustered together. now the aim is to go further and set up many more such plants female that also mahan, windows female. so she put up to launch technology. the gas can also be exported, but only once it has been cooled and convert it's possible, but costly. germany is keen to do business with the emirates, but the novel technology is big breakthrough will likely still take some time. now so from, and the business team here in berlin until next time tick handled in weaponized, wheat. massive crop failures, broken supply chains. soaring global market prices. is this russians treacherous? new strategy to finance?
12:29 am
it's more while forging you alliances? close up. connect on d. w. ah. a pulse ah, the beginning of a story that moves us and takes us along for the ride. it's all about the perspective. culture information. this is neither you news and d. w. made from mines. oh, if you think i'm in know if we see you enjoy eating at home with your families, was harvested by people more being exploited. if can i please feel free in that the,
12:30 am
the green revolution on is absolutely necessary. europe revealed the future is being determined. now, our documentary theories will show you how people, companies and countries are we thinking everything that's lacking later changes you'll have reviewed this week on d. w. ah, ukraine 2022 ah, wheat fields up in flames. missiles strikes are targeting farms.
32 Views
Uploaded by TV Archive on