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 definitely 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 to bill of debtors to save its own banking system which lengthened the cash in the 1st place. china spent $240000000000.00 to be allowed to 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. to study shows that the chinese bailout 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's 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 know, like under silly. according to the study in 2010, less than 5 percent of china's overseas loans were extended to the countries in debt distress. in 2022, that figure had sought to 60 percent. the study reveals that the loans are corrupting 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 belton road initiative is increasingly proving to be a rocky road for beijing spanks. and the countries it promised to help.

let's bring in cars fun and 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 mount land by the i a mass over the same period. the sharp rise in chinese foreign aid coincides with the timing of china's 1000000001 row initiative, which is seen by some as a debt trap for countries including 3 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. cannot 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 sees that poor countries cannot afford to pay their debt so they can get the money back from revenues of these facilities. but the coffee, 19 pandemic, russell, ukrainian war and economic downturn made it very difficult. therefore, baden has been forced to rethink the strategic value of the belt and ro initiator and gradually reduce its landing when the costs became clear. and so on that then what does that tell us about the success or failure of the belt and road and it's f

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. the has to face the risk together when more countries fall into dead crisis. success or failure, we probably cannot judge, but it's certainly facing a great deal of challenges and losing its charm. aright 30, hang in taipei. thank you very much. and staying with china, why take joint alibaba is to undergo a traumatic 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 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, 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 space? i guess you can see both, you know, on one hand, ali baba has being 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, are to bubble with 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 that to car computing, people can develop independently from the as a business of e commerce, for example, as a decent time from a regulatory and comprised 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, these us prosecutors have a cheese, sam, bank and freed of offering $40000000.00 in bribes to chinese officials. franklin fried is also charged with conspiracy to violate on the bribery rules. the finder of the clubs, crypto exchange, f t x has already pleaded not guilty to separate charges related to allegations he

uses. i don't billions of dollars you be. yes. as, as former ceo says, you and multi will return to lead the controversial takeover of trouble domestic violence. police and marty is credited with restoring u. b. s. his 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. trade restrictions on this widia, after vilnius allowed taiwan to set up a defacto embassy. their private chests are most often associated with lavish lifestyles. the machines used to ferry their owner as 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, we all know media. we flew over this fleet for 30 minutes, let me know i must. and they were ever more lights that i meant finishing. it just wouldn't stop school, salary, or glo. it's early evening. a private chip gets ready for take off at bonus hours, 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 law. my, thanks to the diplomat. it's important, they are very excessively legal. fishing is a problem that threatens people around the globe. if anything, you know is from prelim, 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 early on 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 would be felt worldwide. as much as this call is literally empty out. i'm sorry, a buffalo. why from back to that slavery and child labor on board, or offering fun thiel, a 3rd of his initial order?

the fleets, mostly target lobster, haig, and squid pilot intricate pinero, has been seeing their lights for decades. as in mutual input, this kind of illegal fishing has been going on for too long. the renter's wanna action has to be taken. not be a little by suitable global community, has to pass laws to stop animals because it does great damage focus from than your full doodle for him in the damage to the environment. but also to local economies like argentina's in this particular case. and a reminder of the top as no stories we are 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 sign. the chinese government is using it's hard line back. that free stands 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 there for me in the team here in berlin. it's the by, i think ah, [000:00:00;00]

with a minor crisis in the beginning of a new queen, 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 at stake? and what makes thank systemically, relevant, made in june in 30 minutes on. oh. and you become a criminal pre kline aol,

already news with hackers and paralyzing the tire societies. computers that out some of you and governments that go crazy for your data. we explain how these technologies work, how they can they go. it was super green, but how they can also go terribly. watch it now on youtube. that has been floated, you do the full. i'd have to channel, fantastic. ah, she survived auschwitz, thanks to music. he was the nazis favorite conductor. he is morally degenerate to musicians under the swastika,

a documentary about the sounds of power, inspiring story about survival at home and go get the tennis. i was the only one what lies and look music in nazi germany. watch now on youtube. d. w documentary. ah, ah ah, this is dw news live from berlin, britain. king charles is in germany on his 1st overseas state visit as monarch, german president of highfield to shine. maya welcomes him and queen consort camilla to beat brandenburg gate. here in britain, the 3 day trip is being seen as