of coming up as a consumer demand, we can, china is trading left with everyone except for russia. we'll find out why this is d 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 or 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 equality ranking near enough to the average sweden and denmark leave the park with romania and grief. performing worst, the ranking look at jobs held by women, they're pe, the positions of power, they hold, as well as their health. 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 per cents 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 have a nice day. yes, you said it's very slow movement, so i'm germany. introduce the supervisory board. quote, are already in 2016 and where we are now standing is that 35 percent and we are not moving beyond to quote that you quote are for the executive or that you said was introduced in 2021. and we are very slowly moving and now have 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 ready to rank higher on use 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 jet talent, offered better and quicker promotion opportunities for women. and they tell their worth to teach harvest a bonus, would have board members and company to do this. actually move quicker, but i agree, you know, 15 percent, it's 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 jobs network linked in on of how men and women describe their competencies there. and the difference in how those competencies are then communicated in press releases. maybe you can explain a little bit more by 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 companies 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 a 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 in the company since on average, women are still paid less than men i should say center. so sir, i think it's a big problem across society. of course it's a small contribution, but it's something that i really, really appreciate that had to learn them corks with finance and put sense. okay. i think the 19 percent rose, great for me. it's a sign from the owners of the space that we care working space and thought of saying we care. men are outnumbered here and they don't mind the different rates.

clothing. it's a nice idea. i think the whole space is trying to create a strong community for people and if this helps good time or gender balance representation, i think it's a good thing can, isn't it from your list? i don't think it's unfair. i mean, there's a pay gap notches 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 and 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 while the 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. dash b, 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 on then, it's also about rethinking society. after all, typically male professions enjoy more prestige than professions, dominated by women. doesn't start us. one probably of just, 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 ben deja blackman hopes it 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. 4 were 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 of trade with 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 tongue hung in taipei. so what's causing the slump in china's trait? o, kate, the numbers confirms 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 on for the assembly and production of x 4 products. in particular, chinese imports of semiconductor parts plus 26.5 percent, indicating a contraction in market demand on for our consumer electronics exports,

but not just china. other major asian exposures, such as south korea and vietnam, have also suffered, drops indicating a further deter, 80 deterioration 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, it 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 and south korea imposed extensive and severe sanctions on russia for invading ukraine. and as for the export, or we can also take a look at number which rose 19.8 percent are mainly consumer growth rush. i 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 the 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, acted 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 not be difficult for the government to meet the target by the v shaped recovery is unlikely, and given them moderate policies and slow and exports. all right, thoughts on 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 country's long term ability to support its elderly. but for some investors and the changing demographics present an opportunity. they are old and well off and live in a newly built apartment complex for 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. we are shouting, don't go, those are the young, awesome ha, my man, my, my, the financial situation of those who retire in 5 to 10 years will be better than today. and the mindset is changing. seniors no longer see themselves as their childrens household assistance, or grand kids, nanny's cough. they want to live independently. with his mindset and an aging society. the market for a time and homes will be bigger and bigger. wow. now your losses hockey 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 year is outside, the family is foreign to many yards 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, they don't trust nursing homes. i molecular but things are changing. an investor is i seeing an opportunity in up market nursing homes from me on the business same here in berlin. it's the by sticking with

to own 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 in 30 minutes on d. w. ah, sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental

conservation to life with learning pass like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free. these places in europe are smashing all the records. i've been to a bold adventure the treasure map for modern globetrotters discover. some of you are record breaking sites on google maps, you know, also in book form 2016 as like a bunch of the queen casa, wanted to see if germany was for may the last few years, have been quite a ride early in touch with the german and i've already done the homework when it comes to germany is, and of course i always look right in the eyes. birch is,

but perhaps the biggest on the new hobby of mine. i'm no longer a prude. i love to be in the news. very person american, but when you're feeling altogether you'll realize that culture is just another way of living. are you ready to meet the driver and then join me, right? just do it on b, w with ah ah, this is dw newswire from berlin. today on international women's day, we take a look at the state of women's rights in iran. if someone who doesn't think like me or dressed like me, doesn't have freedom, then i don't have freedom either. many women say they're seeing more.