or we go, just remind are the top story we're following for you today. ukraine's president, a lot of ms. lewinsky, has extended an invitation to chinese leadership. you paying to visit keith? the invitation comes after the chinese later met with vladimir putin in moscow last week. a shang has said that lines of communication with ukraine remain open. you're watching dw news from berlin. business is next with kate ferguson looking at what's being called china's death trap for developing nations that can't repay patients infrastructure. let's say to for that i'm terry martin. thank you. guardians of truth, my name is john dinner and i have paid almost every price of being a journalist in a country like turkey taking all the powers that be they risk everything

john, don't dar? asks activists, journalists and politicians living in exile with too much on my shoulders. but i have to hold this weighed because i'm responsible for the future fall country for the people who are behind the past. they live for their mission. people need to know what is happening in our series guardians of truth watch. now, on youtube, d. w documentary ah, is china spending more than it can afford? and you study by the world bank reveals just how much beijing has fork died to prevent indebted countries from defaulting on chinese infrastructure loads. also

coming up a massive restructuring, a chinese test signed alibaba, pump speculation of as the level of involvement of the government will maintained in the future. and a legal fisherman beware, will bring you the story of an individual, determined to use his fortune to crack. then on environmental damage, this is dw business on kate ferguson. thanks for joining me. it was a project intended to deepen china's economic ties, but the world now beijing's belt and road infrastructure development initiative is looking increasingly like a debt trap. according to a new study by the world bank, beijing is spending tens of billions of dollars propping up developing countries that cannot afford to pay back their chinese loans. another country is opening its doors to china. this time it's on doris, which could join china's multi $1000000000.00 infrastructure program, the belt and road initiative. but there's more to the mega project than a quick path to investment. many belt

a road participants have been struggling to pay back billions and loans force invasion, developed debtors to save its own banking system, which lent them the cash in the 1st place. china spent $240000000000.00 to bill out belt in road countries between 282021. almost 80 percent of the rescue loans were issued between 20162021. argentina received the most with $111800000000.00 followed by pakistan and egypt. 9 countries received less than $1000000000.00. critics have long accused china of loring developing countries into so called debt traps by offering large amounts of loans. the study shows that the chinese bill loans remain small, but are growing rapidly. beijing on the other hand, rejects these accusations it and says those loans are purely a part of transparent investment projects. dorsey chinas carried

out investment and financing corporation with developing countries based on openness and transparency. china respects market laws, international rules and a will of relevant countries. china is never forced any country to borrow money or to pay. we won't attach political conditions to loans and doesn't seek political gains clutch under silly. according to the study in 2010, less than 5 percent of china's overseas loans were extended to the countries and debt distress. in 2022, that figure had sword to 60 percent. the study reveals that the loans are drifting away from funding actual infrastructure investments. they are instead moving towards covering their losses one seen as a highway to increasing economic dominance by china. the belgian road initiative is increasingly proving to be a rocky road for beijing's banks and the countries it promised to help.

let's bring in cars fun and so it's on high in taipei. so i'd like to look a little bit more closely at that $240000000000.00 figure. does this constitute adapt rise off or are these simply an extension of existing loads? kate, it's the latter a kind of rescue long, and it's like a vicious circle when china has to provide 8 to the countries that can not pay back their debt to china. if we look closely, more than 80 percent of this $240000000000.00 long was span between 20162021. it was much higher than amount to land by the i a mass over the same period. this shop rise in chinese for an 8 coincides with the timing of china's 1000000001 row initiative, which is seen by some debt trap for countries including sri lanka and pakistan. but china said this debt risk of developing countries has increased significantly in

recent years. due to many external factors, so don't use it to quote, sleep much at them or i, but speaking of flinging a little bit of mud, china already has a big domestic death problem. can't afford these additional liabilities. well, no, it can't afford it. so china and now that i'm $10000000000.00 from the additional special drawing, right, issued to china by the i, m f, will be transferred to african countries, a new law. ironically, at the same time, china has used the leases of infrastructure facility, helped build as collateral when it ceased, that poor countries cannot afford to pay their debt so they can get the money back from revenues obese facilities. but the coffee night in pandemic, russell, ukrainian war and economic downturn made it very difficult. therefore, fading has been forced to rethink the strategic value of the belt and ro initiative and gradually reduce its landing when the costs became clear. and so on that then

what does this tell us about the success or failure of the belt and road initiative over all? well, kate, it depends on who you ask. great. china did help developing countries build an upgrade roads, railroads, bridges ports in airports. it can contribute to the economic development and improvement of local people's livelihood to an extent. but it's also true that these projects cost hide death, that participating countries cannot pay back. and at the end of the day, it's international community that has 2 faith risk together. when more countries fall into dead crisis, success or failure, we probably can not judge, but it's certainly phasing a great deal of challenges and losing its charm. aright totes hung in taipei. thank you very much. and staying with china, where tech joined, alibaba is to undergo a dramatic revamp under the plans the company will displace into 6 units with most

of them set to raise funds by being listed on stock exchanges. investors were delighted with the news. they're reading it as a find, the chinese government is easing is cracked and on the tech sector. investors previously pulled money out after beijing tightened its grip on the company as well as its affiliate ant group. now earlier we spoke to winston mar, a professor at new york university and the former head of china as a sovereign wealth fund. we asked him, is ali baba doing this to ease local regulatory concerns? or is there a compelling business case for this kind of split? i guess you can see both, you know, on one hand, ali baba has been a huge, a conglomerate right after so many years of growth. so it's time for some break up to release some of the value out of the conglomerate. because as a very beginning, alibaba was the chinese version of e bay, if you remember. and, and now it looks like the combination of e bay, amazon, netflix, ober,

and many other pieces into one company, right? so it, from a business perspective, it also makes sense to break up the company's into different verticals. so there to car computing, people can develop independently of from the as a business of e commerce, for example, right? as a decent time from a regulatory and a comprise perspective. it is also easier, you know, for the different, smaller units to deal with. compliance individually is there were like a one huge company to deal with multi facets of data regulations at the same time. now to some of the other global business stories making is u. s. prosecutors have a cheese, sam, bank and freed of offering $40000000.00 in bribes to chinese officials. bank one for it is also charged with conspiracy to violate anti bribery rules. the finder of

the collapse crypto exchange as he acts has already pleaded, not guilty to separate charges related to allegations he sees it uses either billions of dollars you be s. as in former c, e o. sergio and monte will return to lead the controversial takeover of trouble. domestic bible had its swiss and marty is credited with restoring u. b. s. his reputation following the 2008 financial crisis he takes over in april the european union has agreed to allow retaliation against countries have put onto economic pressure on block members to change their policies. the anti coercion instrument comes in response to china's trade restrictions on this widia after vilnius allowed to want a defacto embassy. their private chests are most often associated with lavish lifestyles. the machines used to ferry their owners to the

laces high suffice event. on the other side of the world, but that's not always the case. in our next report, we'll meet a millionaire who's put his aircraft to a very different use. the lights of fishing boats, not just a few vessels, but a whole fleet. at sea, off the coast of argentina. the orland emilio, to we flew over this fleet for 30 minutes. let me know i must. and they were ever more lights the redman finished. it just wouldn't stop so lovely or glo. it's early evening. a private chip gets ready for take off at bonus avenue, as they say airport. the machines owned and piloted by activists entry capiro, the wealthy air to an industrial and mining fortune uses his money to uncover environmental misdeeds in this case, illegal fishing in argentinean waters. pinero has brought along, diplomats and journalists,

including the ambassadors of both the european union and the united states, represented as a matter of my thanks to the diplomat. it's important they are here excessively. legal fishing is a problem that threatens people around the globe. if anything you know is from for him, i don't wanna the ships are too many to count. they're likely chinese vessels. but japanese and korean fleets have also been caught here in the past. the problem, they usually not authorized to fish in foreign economic zones, usually in the atlantic of argentina, but also in the pacific, off the coast of her ruined ecuador. experts estimate their illegal catch comes in at a whopping $26000000.00 tons per year. for a 1000, the maturity of this kind of horrible fishing can only be stopped with international agreements are and if you are, the consequences of what they are doing here will be felt worldwide. as much as this call is literally empty out. i'm sorry, a backlog. why from back to that slavery and child labor on board,

or for offering fun thiel, a 3rd of his initial order? the fleets mostly target lobster hake, and squid pilot, in an acre pinero has been seeing their lights for decades. as in mutual employment, this kind of illegal fishing has been going gone for too long. the front desk action has to be taken. navea little by suitable global community has to pass laws to stop animals because it does great damage focus from than your full doodle for men of damage to the environment, but also to local economies like argentina's in this particular case. and a reminder of the top is no stories we're following for you this our a new study by the world bank shows just how much money beijing has pumped into the belt and road infrastructure development initiative. much of it on loans that come

to with haven't been able to pay back. markets have applauded chinese tech giant alibaba. moved to split into 6 business units. they're reading it as a fine, the chinese government is easing it's hard line back. that freeze sounds on the tech sector under the revamp, most of the units will be listed on the stock exchanges. and that wraps up our show for more. you can always check i d, w dot com slash business. we're also on the dw youtube channel tech event there for me and the team here in berlin. it's the by, i think o woman like freedom. cool, that's radian women, not taking to the streets with my mom are risking their lives

who are fighting against oppression who freedom the women in iran, a show of resilience. close on d, w. a scoring we say they're about giving up school life every weekend on d w o .