or coming off as a consumer demand, we can, china is trading less with everyone except for russia. we'll find out why this is t w business. i'm k, ferguson, thanks for joining me. it's international women's day, an event with an over 100 year history on an annual opportunity to take stock of the progress or lack thereof, towards gender quality in the workplace. know better time, then to take a deep dive into europe's biggest economy. now as you can see here, germany is pretty middle of the road when it comes to gender, a quality ranking near enough to the average, sweden and denmark leave the park with romania and grief. performing worst. the ranking looked at jobs held by women, their pe, the positions of power they hold, as well as their hope. so what is behind germany's mediocre performance? well, you can see it here. it has an especially big gender paid off. women on average

earned 18 percent less than men, and that's partly due to the fact that women tend to work in lower paid factors. efforts to tackle inequality are underway, though. back in 2021. the government introduced monetary quotas for women in corporate boardrooms. so has it worked according to a recent study by the boston consulting group? the portion of women on management boards has risen or be at a rather slow pace. within the a $100.00 largest listed german companies, only 15 percent of management board seats are currently held by women. and we can talk now to one of the authors of that study. nicole walked is the managing director at the boston consulting group and an expert in diversity. nicole love me to see you. thanks for joining us. now, looking at those figures 15 percent does not seem very impressive when you take

into account that closes are in place. is that the case that companies just aren't complying or are the targets not ambitious enough? well, thanks for having me there. yes, you say there is very slow movement. so i'm germany introduce the supervisory board court are already in 2016. and where we are now standing is it's 35 percent and we are not moving beyond the quarter to quarter for the executive board, as you said was introduced in 2021. and we are very slowly moving and now 15 percent. and so this is not a big step forward. and besides, you know, we have proven that diverse companies are more successful economically. they are more innovative, they rank higher on used g ratings. but you know, it's very slow. however, there is a bit of hope and you see from the 100 companies you mentioned companies who rank

higher, what do they do differently? and they offer flexibility in retaining to talent, offer better and quicker promotion opportunities for women. and they tax their diversity targets to bonus board members and companies who do this actually move quicker, but i agree, you know, 15 percent is not where it should be. ok, and as you say, important to mentioned, there are some good examples either. but i want to ask you specifically about some research you did, you looked at the job network linked and i know how men and women describe their competencies there. and the difference in how those competencies are then communicated in press release is maybe you can explain a little bit more of i thought, research. yes, sure. so we looked with artificial intelligence so called natural language processing at press releases and linked in profile off, you know, similar peer who, what you see in press releases to when job promotions from company are in nouns. so

women get less and i get less tax than men. so men are usually described with 6 or more competence is where as women on average are described only with $4.00 to $5.00. so we see bias get there. however, if you look at the same people in profiles, they describe themselves with an equal number of competences. what does, what does, what does tells us is there is still an unconscious bias. large corporations, how they describe the man, talk kellen for the outside and i think this we need to tackle because on self reflection, you know, they describe themselves equally fascinating stuff. the color fog to thank you so much for your time. thank you for having me. no

structural change might be slow to come, but that doesn't mean you can to try to address gender inequality on the grant. that is exactly what one stars up in berlin has done, taking into account that payoff. we've just been talking about one co working space has decided to charge men and women different rights. this woman pays 19 percent less than a man for her space at a co working office. it's a gesture of support from the company since on average, women are still paid less than men. i should say sentences, sir. i think it's a big problem across society. and of course it's a small contribution, but it's something that i'm really, really appreciate that at van, them corks with finance and put sounds good. i think the 19 percent raw's great for me. it's a sign from the owners of the space that we care for working space and what we're saying we care men are outnumbered here and they don't mind the different rates

building. it's a nice idea. i think the whole space is trying to create a strong community for people and if this helps good, i'm or gender bones representation. i think it's a good thing can, isn't it from the list? i don't think it's unfair. i mean, there's a pay gap, not just on the job, but across entire careers. so when you take a step back, i don't think that me paying more is wrong tuesday, co working introduce the discount for women freelancer's in 2021. it applies to 4 locations. the company says it's trying to be more socially responsible. i guess physical working is trying to set an example to other companies to try to help ends the gender big out not only in germany, but also world wides. so this was sort of our way of telling everyone, hey, we're doing this. maybe you should all consider this as well. the equal pay day flag, local politicians, raise it in berlin. equal pay day symbolizes the fact that in purely mathematical

terms, women work for free for the 1st 2 months of the year when compared to men. and the gap has hardly narrowed over the years. i've been, i to, one with star old patterns are still playing a factor here. women are negotiating as well as men. women often hide their talents and are more modest when it comes to job interviews. role models are also very important. having women in leadership and mentorship positions with its own mentor . and then it's also about rethinking society. after all, typically male professions enjoy more prestige than professions, dominated by women, doesn't get us. one probably of this is the basic problem. after all that social recognition is lacking, we've witnessed it throughout the pandemic without the social infrastructure. nothing works, but those same professions are paid much less. more recognition tuesday co worker is taking steps. it's a discount for now, but bendy to blackman hopes that will encourage other companies to rethink their own practices, to china, where weakening demands from the us and europe caused

a big slum in trade. in the 1st 2 months of the year. there was a notable exception though exports to rush us 1st almost 20 percent in january and february, reaching a total of $15000000000.00. china has become rush as main economic partner as trade of the european union contracted sharply following functions imposed in response. the war crane. now to break this down for us, let's bring in so it's on hung in taipei. so what's causing the slump in china's trait? o kate, the numbers conference, china's concern the slower global growth hinders, the recovery of china's commie. foreign demand is still weak as china imports a large number of components and materials. i'm for the assembly and production of export products. in particular, chinese imports of semiconductor parts plus 26.5 percent, indicating a contraction in market demand on form consumer electronics exports. but not just

china. other major asian exposures, such as south korea vienna have also suffered drops indicating a further deter, eddie, did her asia, in global demand for commodities that so it's not the same picture across the board though. is it trade with russia is up significantly? why is that? well, if we take a closer look, these impor, smelly oil and gas is shows that china took advantage of the fall in russian energy prices to increase its imports from russia to support the russian economy. after europe and the united states, japan, south korea, imposed extensive and severe sanctions on russia for invading ukraine and as for the exports. or we can also take a look at number which rose 19.8 percent. are mainly consumer good. russia used to import them from europe and with expansion of western sessions. we mentioned that dependence on china for foreign trade will continue to increase in the future. net

has that a 5 percent growth target for their see or is it on course to reach that t thank or the target of 5 percent is the lowest growth freight, acceptable arm to the government this year? probably based on the situation when dom central economy were a conference, was held at the end of last year, lord than arm last year, probably because of the uncertainty of economic recovery after under of the cove it pandemic. so it's really of important there for china to reach that go. an analyst generally believe that you will now be difficult for the government to meet the target by the v shaped recovery is unlikely, and given them moderate policies and slow in exports. aright totes and hung in taipei. thank you very much. and staying with china and going to one of the most pressing issues for its economy, it's rapidly aging population. more than one in 5, people are over 60,

raising serious concerns about the countries long term ability to support its elderly. but for some investors, the changing demographics present an opportunity. they are old and well off and live in a newly built apartment complex with seniors on the outskirts of shanghai. membership cost a $150000.00, plus a monthly charge of $650.00. and australian investor believes a market full luxury time in homes lies in china. voice shouting, don't go, those are the young oscillate. ha, my man, am i the financial situation of those who retire in 5 to 10 years will be better than today? and the mindset is changing from seniors no longer see themselves as their childrens household assistance, or grand kids. nanny's, they want to live independently with his mindset and an aging society. the market for a time and homes will be bigger and bigger. why? now your loss is hot, you will be in a yelling at china is aging. normally,

children take care of their elderly parents, 90 percent of retirees live at home, only 3 percent, live in retirement facilities. the idea of spending the final years outside the family is foreign to many arts the abilene. i would not go to a nursing home as a matter of principle, and even if my children wouldn't allow it, they've said it are, they don't trust nursing homes. i molecular but things are changing and investors are seeing an opportunity in up market nursing homes from me on the business same here and berlin, it's the by taking ah, [000:00:00;00]

with ah, to oh, or not to own. what about a sharing economy instead? a change in thinking is changing the economy to create something new. the economics magazine made in germany, even 90 minutes on d. w. do are flying rivers created by

waterfalls, throwing water particles into the air b, trees and sweating out up to 1000 liters of water in a day or sea forest fires, evaporating large amounts of moisture tune in to get the answer and learn more about this phenomenon. i'd like to find out a heavy, invisible river that flows through the sky starts march 23rd on d. w. hang, i've been evelyn sharma. welcome to my podcast, love matter. i invite celebrities influences and experts to talk about all plain love from dating again today. nothing less because all these things and more and then you know, even of the make sure to tune and wherever you get your past and join the conversation because you know it love matter in

a ah this is dw, live from berlin today on international women's day we are turning the spotlight on the state of women's rights around the world. if someone who doesn't think like me or dressed like me doesn't have freedom, then i don't have freedom either. in iran,