is test signed, alibaba prompts speculation as, as the level of involvement that government will maintain in the future. and a legal fisherman be aware 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 that 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 belton 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,

forcing vision to bill of debtors to save its own banking system, which lent them the cash in the 1st place. china spent $240000000000.00 to bill out belt and road countries between 282021. almost 80 percent of the rescue loans were issued between 20162021. argentina receive 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 out 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. you had generously. 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 soared 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 correspondence so it's on hang in taipei. so i'd like to look a little bit more closely at that $240000000000.00 figure. does this constitute a debt rise off or are these simply an extension of existing loans? kate is the latter a kind of rescue long? and it's like a visual circle when china has to provide 8 to the countries that cannot pay back their debt to china. if we look closely, more than 80 percent of the $240000000000.00 long was banned between 20162021. it was much higher than the amount to land by the i a mass over the same period. this sharp rise in chinese foreign aid coincides with the timing of china's one billing one row initiative, which is seen by some as a debt trap for countries including through lunk on pakistan. but china said this, that risk of developing countries has increased significantly in recent years due to many external factors. so don't use it to quote, sling mud at them. all right,

but the spacing of slinging a little bit of mud china already has a big domestic debt 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 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 of these facilities. but the coffee night in pandemic, russel ukrainian war and economic downturn made it very difficult. therefore, beijing 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 overall? well, kate, it depends on who you ask rate. china did help developing countries build an upgrade roads, railroads, bridges ports in airports. it can contribute to the economy development and improvement of local people's livelihood to an extent. but it's also true that these projects cost high death that participating countries cannot pay back. and at the end of the day, it's international community that has to face the risk together. when more countries fall into dead crisis, success or failure, we probably can not judge, but it's certainly facing a great deal of challenges and losing its charm. aright, hurts on hang in taipei. thank you very much. and staying with china, why take joint 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 it's cracked and on the tech sector. investors previously pulled money out after paging, tightened its grip on the company as well as its affiliates and group. now earlier we spoke to winston mar, a professor at new york university and the former head of china as a sovereign well 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 stuff? 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, uber,

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 they're to call the computer people can develop independently from the, the business of e commerce, for example, right? at the same time, from a regulatory and a comprise perspective, it is also easier, you know, for the different, smaller units to deal with compliance individually, instead of 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 us, prosecutors have a cheese, sam, bank afraid of offering $40000000.00 in bribes to chinese officials. but when fried is over charged with conspiracy to violate on t bribery, rules. the finder of the clubs crypto exchange,

f t x has already pleaded not guilty to separate charges related to allegations. he says, users, i do millions of dollars u b s. as a former c e o says you will return to lead the controversial takeover of trouble domestic violence. police and marty is credited with restoring u. b. s. reputation. following the 2008 financial crisis which he takes over in april the european union has agreed to allow retaliation against countries, but 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 set up 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 thea, off the coast of argentina, the orland, emilio, we flew over this fleet for 30 minutes. let me know i must. and they were ever more lights that had been finished. it just wouldn't stop so lovely or glo. it's early evening. a private chat 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 very excessively legal. fishing is a problem that threatens people around the globe. if can you see me now 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're 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 $1000.00, are there any of this kind of horrible fishing can only be stopped with international agreements or anything if you are the consequences of what they are doing here would be felt worldwide. as much as this call is literally empty. out to sam's already backlog. why from back to that slavery and child labor on board,

or for offering fun thiel, a 3rd of his initial order of the fleets, mostly target lobster, hake and squid pilot. in like a pinero has been seeing their lights for decades. as in mutual improve, this kind of illegal fishing has been going gone for too long. they front there's going up. action has to be taken not be a little by suitable global community, has to pass laws to stop battles because it does great damage focus from than your full total for the men, the damage to the environment. but also to local economies like argentina's in this particular case. and a reminder of the top business stories were 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 countries 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 find the chinese government is using it's hard line back. that free 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 tack of that for me, and the team here in berlin is provide, i think, ah, with

ah, a minute christ to see the beginning of a new clay. several us banks are in trouble. well, credit suisse, one of the biggest banks in the world is on the brink of bankruptcy. how does it come to this? what exactly is that state and what makes thank systemically, relevant, made in june to minutes, d, w. every day counts for us and for our planet. golden ideas is on its way to bring you more conservation. how do we make cities greener?

how can we protect habitats? we can make a difference. global ideas, the environmental series in global 3000 on d, w, and online. hey guys, it's evelyn sharma. welcome to my podcast. love matter is that i and by celebrities, influences and experts to talk about all playing, loved back from dating. and yet today, nothing less because all these things and more and then you know, season off the plot, come make sure to tune and wherever you get your pot path and join the conversation because you know it who love mattered. mm. i discovered stories that can change your mind just to click away, find out best documentary on you to see the world i

already subscribe. now to d w documentary ah ah, this is dw news lie from berlin. britain's king charles is here in germany on his 1st overseas state visit as monarch german present time. folks are shy, my aunt welcomed him and queen consort camilla to the brandenburg gate. here in berlin. the 3 day trip is being seen as a chance to strength.