in berlin, welcome to our show. well, he was once considered one of the country's most influential deal makers. and then he suddenly disappeared. now nearly 2 weeks after he was reported missing bow fun has been located or the founder of investment bank, china renaissance, is reportedly cooperating with chinese authorities on an investigation that's according to the company. the 52 year old billionaire is certainly not the 1st high profile name to disappear from public view in the country. there was forced one group founder guar, guam chung, who disappeared for several days and 2015. then you might remember, jack mar, the founder of ant group. he wasn't seen in public for 3 months, beginning in late 2020. after he criticized the chinese financial system. well mart reemerge. later, after beijing had squashed his company's plan, i. p o, about funds disappears, dealt quite a blow to his company stock. it lost a 3rd of its value overnight, showing once again that no public stature is too high for bay jane's reach. without we go to frasier, how he's an author, an expert on business in china, fraser,

executives don't just vanish on their own accord in china. if you are a shareholder in this company, what does that tell you? what's your, what's your seo or founder disappears? well, you should be extremely right, because this isn't just the case of people, you know, seeking some privacy are going on. you're going to treat the chinese government, not even all that, all these people are there are 3 different countries it and then hold a no access to lawyers or family or anything. and the fact that you know very little over what's going on. and it's what is that we know very little. do we have any suggestion that bout may have crossed a line with beijing or was his stature simply to to high? no, i don't think it still is so much bye in the sense that the banks are and so it all

i know is, you know, money close as you do that, there's more who was interested in getting a placement and things like that. so it's a tremendous amount of knowledge is that the underlying entrepreneur creating the car isn't the way that jack ours, others. so i'm somewhat surprising somebody's taking so long to get around as he must have been an incredible funds of knowledge about what deals are going on. but the trouble he is, this is students. there are some meaningful investigation happening. we have no understanding why he ultimately the school that or even the investigation is adamant at a minimum, this would seem to suggest that the tech crack down that we saw beginning last year is going further. perhaps reaching deeper than we thought is that fair to say? well, i think it certainly all going, but i think should remember that ultimately, if you're in a fight and you've been knocked down and you know, a broken legs and arms, then you've only lost the fight. and in that sense it is no longer be,

but it's very much lost to fight the government. and she didn't think a bit of thought, i would say the traditional legal channels. and guess what the communist party wants? is this just accelerating chinese companies separation from western capital and western investors? or is that fight pretty much already lost? no, i mean they say it's completely lost, but i think foreign investors need to be looked at and be very seriously concerned about that on the nature of china is off and ultimately chinese. we claim that this is some form of regulation. this is not how you regulate, is our market, and it should send over a chilling message to investors both domestically and foreign investors looking to do business in china. that's fraser, how we author and china extra. thank you very much. thank. staying in china, new study points to the scale of the country's investment in coal fired plants at a time when many nations are trying to quit fossil fuels. but china will build on

average to coal power plants every week. if all this plant projects are completed this year, that's according to the independent center for research on energy and clean air. being approved $160.00 gigawatts of nicole projects last year. it's the world's largest overall carbon emitter, and has pledge to be carbon neutral by 2060 all right, lorrie miller future is the lead analyst on this report for the center for research on energy and cleaner. he joins me from helsinki. lori, thanks for coming on to the show. can we say whether this construction plan construction is in line with chinese climate commitments? what the government is intending to do is they're adding these are plants, especially during the summer hours. and they don't then didn't then to run round the year a same time, i mean, very impressive amounts of solar,

other resources into the grid and be able to cover all of these d d, my growth from these sources. so there is a way in which the boss could go online and emissions don't go up. the concern is that it creates a powerful vested interest. do so directly. energy build out where you have all of his new plants and orders that are going to make use of them. so we can say for sure whether this is even going to be uses anything, but essentially reserve is the clean energy transition. moving ahead, as it showed in china, you've sort of alluded to this already. we know that prices are getting higher right now for many materials. we know that coal is likely to get cheaper and cheaper in the long run. it are things progressing at the rate that they should to meet it's climate promises. the solar installations in particular are increasing at a very impressive rate. so this year,

the target is $165.00 gigawatts of weakness over at it in just one year. which will be enough on its own to cover the trend again. christie on growth. so in that sense, there should be no more space for an increase in power generation from fossil fuels, a rate of ations is maintained in the coming years. is it a surprise to see the amount of power that they wanted to bring on via coal? when we look at the electricity shortages last year? we know that one thing the beijing hates is any sort of public disorder and definitely those energy shortage is last year. a could have thrown doubt into local governments abilities to provide with that. in view doesn't, it doesn't make sense to see this, this happening right now. it was clear after the shortage last year that some goal

for our plans were going to be added. what price is the discriminant way that these funds are being approved? some of them could be justified on the basis of needing to have that additional capacity specifically during the summer the others are in or is that already have over capacity and so on. so there are a lot of interest in china that are using these opening to get projects approved with very little scrutiny. even if there is no real justification for very briefly what, what does this mean for western messaging to china's effect the way that other countries engage on this issue of climate? briefly, if you can one of the key just if you guys use a chinese decision makers are using use the increase in color scheme in europe and germany. so there is value in us doing all that. we kind of transition to clean energy as fast as possible. it also needs to be clear to chinese decision makers

that climate is core security issue or interest for the for europe. and success in reducing emissions will be central to offer a full relationship. or either laurie molig 50 and with the center for research on energy cleaner. thank you very much. thank you so much. and out of some of the other global business stories making headlines. volkswagens china chief says he saw no force labor when he toward a plant in sheen john. earlier this month, the car maker has come under fire for its plant. the change on region which is run by its chinese partner. you in is documented, forced labor and attention camps across the region. british prime minister richie sooner is in belfast today selling has new agreement with the you. i, britain and the european union have agreed on sweeping overhaul to post breaks at trade rules in northern ireland. the names to simplify trade between the province and the rest of the ukrainian president automates. zalinski has held talks with us

treasury secretary, janet jaelyn, who is on a surprise visit to keith young. so the u. s. a transferred more than $1000000000.00 of direct budgetary aid to ukraine, but that there were still significant obstacles to seizing frozen frozen russian assets. excuse me. for the surging fuel and gas prices of the past year are pushing more countries to get serious about the transition to renewable energy sources. for some, it's more of an uphill battle than others, especially during an economic crisis and terrible inflation. here's a look at the challenges facing pakistan. ah, crumbling infrastructure, decades old power lines, massive blackouts, and high electricity prices. this is life for millions and pakistan, especially in rural areas. businesses are hardly better off 9 hours of power cuts daily, and it is much more expensive. now if it was 400,

it is now 2000 rupees loc as, as entity sector heavily relies on fossil fuel. 64 percent of its electricity is produced with imported oil gas tank good, the raising fuel and gas prices after rushes. imagine off, you clean it in countries like bucket son to take that put measures. what's the transition from dimensional validity of energy sources? in the mega city of karachi, the doctor roost house civil hospital is an example for energy transition. the snow lack are sunshine here and the roofs are large enough to generate lots of electricity using solar panels. dozens of photovoltaic models with an output of one and a half megawatts power the hospital maintenance engineers say at our ssl, on our li says the solar system will run for 2 decades. at least the, the current these panels produce up to 7000 kilowatt hours of electricity every day

. that covers around 40 percent of the hospitals toward lek. tricity needs sla daily spots aren't so little bit that the pakistan aims to generate 60 percent of its energy needs from renewable sources like wind and solar. by 2030. currently, only 2 percent is generated by solar power. mohammed ali runs one of the many shops for private customers looking to make the transition to solar panels, which are becoming more popular. but record inflation is putting a damper on solar projects. in place he come bills are now price is a higher than before, even though taxes in solar equipment are less now. but prices are according to the exchange rate. when the u. s. dollars expensive prices are much higher dollars, me jump over it. switching to climate friendly renewable sources in pakistan, it's like a race against time. here the threat post spec climate change can be seen on

a regular basis. last year's floods alone, cost damages were $30000000000.00. and here's a reminder of our top business story. missing chinese billionaire bow fond is apparently working with authorities that's according to his company at china renaissance, which made the new announcement nearly 2 weeks after reported him missing. ah, all right, that's our show. we'll be back later with more headlines. check us out online in the meantime, d w dot com slash business. with

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watch it now on youtube. ah ah, this is dw news live from berlin, nigeria as main opposition parties, coal to scrap the country's presidential election. they're demanding a new vote. offer legend widespread voter fraud. early results are showing a lead for bullets, the new boot of the ruling. apc also on the program. ukraine acknowledges russian battlefield gains near bach mood. president zalinski says.