speculation of as the level of involvement that government will maintain 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, developed debtors to save its own banking system, which lent them the cash. in the 1st place. china spent $240000000000.00 to be allowed to belton 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 of long use china of laurie developing countries into so called debt traps by offering large amounts of loans. to study shows that the chinese bill out loans remain small, but our 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 could come to sleep. 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 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 belt and 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 those $240000000000.00 long was banned between 20162021. it was much higher than the amount of land by the i a mass over the same period. this shop rise in chinese foreign aid coincides with the timing of china's one bill in one row initiative, which is seen by some of the debt trap for countries including sri lanka and 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 am $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 us collateral when they see 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, baden has been forced to rethink the strategic value of the belt and road initiative 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 away. 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 peoples 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. the has 2 faith risks 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 tech joint alibaba is to undergo a dramatic revamp under the plans the company will displace into 6 units with most of them said 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 crackling 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 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 on the bubble 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 that to carter computing people can develop independently of from the as a business of e commerce, for example, as a decent time from a regulatory and a 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 is us, prosecutors have a cheese, sam, bank and freed of offering $40000000.00 in bribes. the chinese officials bank when fried is over 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 do millions of dollars u b. s, as, as former ceo says you and multi will return to lead the controversial takeover of trouble domestic 5 or 3. 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 out of 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. we orland, emilio. we flew over this fleet for 30 minutes of me no harm us 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 chip gets ready for take off at bonus hours, as i 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 here excessively. legal fishing is a problem that threatens people around the globe. picking the theme, 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 those who can assure their any of this kind of horrible fishing can only be stopped with international agreements. are there any theory? the consequences of what they are doing here would be felt worldwide notion as this list. literally empty out to somebody about collaboration like 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 it front there's going to action has to be taken not be a little bit more global community has to pass laws to stop animals because it does great damage or guess from van your for total, for them in the damage to the environment, but also to local economies like argentina's in this particular case. and a reminder as the top, as no 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 lowes, that countries happen to be 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 3 stands on the tech sector. under the revamp, most of the units will be listed on the stock exchanges. and that ratcliffe, 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 in the team here in berlin. it's the by i think ah, with

ah, star species conservation panda. but what about animals that are less costly? they often find themselves on the side line. researchers want to change all that and call for more courage to be ugly. step aside and in 30 minutes on d. w. oh, on the road with caravan along the ancient trade route, we just think of a country between prefabricated buildings and 1001 night between nomadic traditions and modern nice style hulu discover speakers

traveling the silk road by train in 75 minutes on dw are you ready to get a little more extreme? these places in europe are smashing all the records. stepped into a bold adventure. just don't lose your grip. it's the treasure map for modern globetrotters, discover some of europe's record breaking sites on youtube and now also in book form. hello guys, this is the 77 percent. the platform for africa, you to defeat issues and share ideas. you know, on these channels, we are not afraid to dedicate toughie. young people clearly have the solution. good

future belongs to the 77 percent every weekend on the w. o o the this is dw news live from berlin persons king charles's hair and germany on his 1st oversee state visit as monarch, german president find by their stein, maia welcomes him and queen consort camilla to the brand of birth gate. here in britain, the 3 day trip is being seen as a chance to strengthen ties with the continent.