folder, so choose him on election day and 2024, dw correspondent, carolina. 2 more in washington. very nice. talking to you up next business news with rob watson. look at the winners and losers from china's economic recovery. don't forget, you can get more international news headlines on our website. that's d w dot com. i'm on eastern, thanks for watching and stay to the one small step for a robot vacuum. one giant leap for exploiting the ocean floor. cutting edge technology is unlocking the potential of deep sea mining. but this time, a research team will study the possible risks 1st scene order to minimize them

the we have an opportunity to get it right before we start environmental activists or skeptical is this true nature conservation or only green washing. the, after all, there are billions to be made. our chief documentary, deep sea greed starts june 8th on d. w. the, the win is lose is from china's economic recovery. businesses may be busting back into life, but that on to enough jobs to go around, especially the countries use high inflation and a slowing regional economy. we'll ask what is like the business in germany right

now? as our as joining the list, the big brands getting a russian replacement we'll see inside the shop is taking over its flagship store in most of the state of the business. some of was in bed and welcome to the program or not everyone is feeding the benefits of china's economic re boot. badging is encouraging young people to leave the cities to find work as a solution to search and use unemployment. are currently around 11000000 jobless people, age 16 to 24 in china. that's one in every 5. and another 11000000 graduates are expected to enter the crowd as jobs market. later this year. pricing unemployment is a major concerns of aging which uses it to gauge social stability and economic growth . from on this last cross through correspondence in type paid so its own hon. so who are proving to be the win is and lose is actually when it comes to china's

economic recovery. slow, rob, the winters of those work in retail and service sector because a growth of 2 industries remaining relatively solid, fixed asset investment growth slowed, especially the real estate investment. it reflects that developers. confidence in the market has not yet been restored and a full recovery is not there yet. at the same time, the industrial production growth also fail back for the 1st time since the corporate outbreak. china is kind of me recovery as on even and the rising pressure of global recession and the test relationship between the us and china will continue to put pressure on badging. we also have a fear of young chinese jobs because out of work in america, how are you? i'm telling these people feeling about the problems facing badge interest. of course, they feel worried and insecure. we have to understand, most chinese families spend a 3rd of their income into this young people's education. so the new generation is

the best educated generation of all time and china. but when these young people graduate and want it to enter the job market, they find their education and skills don't match the jobs that need to be filled. and they want something more than just a career of law hours in a factory. so there's a severe labor shortage in china of a one and 5 of young people between 16 to 24 cannot find a job they want. so there is a great gap between their expectations and reality. so how does the government aging deal with as of discontent? that it's, it's causing and the new generation, cuz that is an important constituency for a government that wants to be empowered in public choice, isn't it? or you're right. so, basing has rapidly respond to this growing this content by many means 1st after they found the job market in dallas, the government adopted a policy to boost the capacity and quality old vocational schools. so these health

um to feel jobs in advanced manufacturing, that we've just talked about the same time, they try to manage that, that is already created by this current education system. so they limit the amount of homework in a band tutoring companies to encourage competition. and to make housing more affordable, the government try to control the real estate market. this is very important in china because buying a house is one of the most important life goals for many young people. so the government holds that be some interest would work and make life easier for the new generation. and what about specifically that use on employment this the chinese government have a plan to tackle that? yes, all vision has demanded the state owned enterprises to hire more graduates this year hoping to meet its goal of creating about 12000000 new jobs by 2023. different local governments have also set goals to mobilize, graduates work and start business in the countryside over the next 3 years. at the

same time, the government is also trying to convince young people with a family qualifications to lower the expectations and take jobs. they may not think um, nicely, or qualifications on the highest sites. try to convince them how do you go about that you called for these young people to do what they want to do and move out into the countryside or whatever can you of the well, i don't know if it works, but the government a launch out aggressive propaganda compared to promoting different role models, for example, one couple interviewed by the state media said they can earn more than a 1000 your a day by selling potatoes and talk with the neimark kid. another student starting of aging, said that he decided to work in a nursing home in a remote village. well, even though the job only paid in $400.00 you a month, but he can use this experience for his graduate degree application and get him a job in the government in the future. just a lot of positive examples on this. i'm not sure so sure if this examples are very convincing by the government is working on it,

it's hard to imagine being able to convince no safety to welding students to move out into the countryside. but anyway, thank keep sites on han inside pay for us. now let's take a look at some of the other global business stories, but i'm making the news you're nuclear has decided to leave russia after suspending is operations that last year due to the ongoing war in ukraine. the japanese brands preparing a sale of the business nuclear has 50 stores or russia a cranium for the 5th, denny has halted operations and russia is not allowing ships to enter. it effectively cuts the 4000 a day, allowing great and exports through the black sea cubes. says russia is in violation of the grain deal as tiffany is the largest port in the area. and german business data is off pessimistic about the current situation and the future, particularly those who run manufacturing and trade funds. that's according to the latest reading of the countries. e file reports that fell for the 1st time in 6

months. but let's discuss the situation facing german businesses with the president of the for institute. clemens forced clements if his business climate index that's a fell during may. so was a way to take from that of things, getting less a yes, i'm afraid they are now. we've had a couple of months with a recovery in the index. and now we have a negative reading. this is coming in particular from expectations. so we ask companies how, how they expect the coming uh, 6 months to, to be. and what they telling us is they are skeptical of a skeptical because incoming order is a week of a skeptical because interest rates are rising. and also because really comes of households are declining as inflation. it's up real wages that keeps the

economy and check your we also have the news, the yours and economy a drive is actually slowed joining may. so i know how words are you about that? i think this is the inevitable consequence of tightening monetary policy. so we have these very high rates of inflation. uh, energy prices are coming down, but the car inflation is rising. so what monetary policy has to do is slow down the economy and it looks like this is walking. this is not pleasant bought, inevitable, to bring down inflation rates. there is a big celebration actually happening in frank fis on wednesdays, about 25 years of the european central bank. but i suppose that inflation is somewhat ruining the policy. how big is that? how big challenges like going to be full business is going forward and, and, and all the signs that it's going to start moving in the right direction at least to i think in some ways the slow down of the mind is assigned is moving in the

right direction, but we are far from being out of the woods here because current placements that are rising and a, it's now very difficult for a central banks to strike a balance between putting on the brakes and avoiding and overshooting of monetary policy, which will take the economy into a recession, so it's a classical dilemma we have in the speculation, every situation a situation with high inflation rates and a relatively weak economy there. it's particularly difficult for central banks to do the right thing. i would expect. what they would do is maybe stop the interest rate rises and look how the economy develops and if necessary. uh, raise interest rate, small, but later. okay. clements 1st president of effect. thank you so much for giving yourself time. thank you. now since its invasion of ukraine, many western brands have disappeared from russia, among them,

among them all famous names like gucci, audi test, and mcdonald's. on those we mentioned that unix who has just joined them. a lot of these companies outlets have closed. i need to be replaced by almost identical kremlin friendly businesses. now, another retailer has seen a form, a flagship store reopen, put on a new management. this is one of the most prestigious shopping streets in moscow. fashion favors here because that's the most with spanish browns are on today that stores open once again under a new name mag. and of course it's no longer owned by spain's india tex. they left for us here last year and sold the business to the u. a based on her group still most most devices refer to the boutique lazara, especially since there's so many similarities. same store, same principle, stylish clothes for younger customers at a reasonable price. markets. the news are these kind of as

good as the main share. interesting. yeah. well, there are fewer really exciting design or close on offer. the prices of stay the same for the styles are simpler. the reopening of what was formerly desirous flagship stored in russia. a year after the start of the war and ukraine has caused quite a sensation. many western companies have been pulling after the russian operations for months, empty stores in the heart of the russian capital, where western goods were once consumed on mass. give the impression that the entire west is turning its back on the kremlin. but this impression is deceptive. at least according to the results of the legs of study by the university of saint collin. the study says less than 80 percent of us companies, just 8.3 percent of you, firms had withdrawn from russia by the end of last year.

i suppose that there are plenty of reasons for that there, but it to of uh, of the cost. a lot of them its uh, government regulation. they can use it unlimited number of uh, stakeholders. so buyers would like to borrow some shares or the companies or as a whole company, but this is the one. and the main reason is, and they're willing to continue, receives benefits and money from the rest of the market. is also the question of what exactly is meant by withdrawal. this with study only takes into account the complete closure of branches and russia. but it doesn't include a holton deliveries or an engine you investments. also, moscow was making it increasingly difficult for western companies to leave russia according to regulation. business stakes may only be sold at half the market price, and the russian state gets 10 percent of the purchase price through compulsory

levies. so for me, on the business team who invalid cnx enters the conflicts with sarah kelly. i guess this week on the complex zone was one of the most prominent members of freshman's wealth connected power over former kremlin advisor and economist, sergey gloria. now is the professor of economics and provost, etc. and so his work illuminates how authoritarian regimes likes to survive. how does he assess his grip on power conflict? on the 2 faces of rows in industrialized countries. so beauty accessories, costing up to 40 year olds. in that a gas car, it is the only source of income for a key low of course,

a minor gets $0.10. the dirty business of beauty. in 45 minutes on d w. these places in europe are smash, record, stepped into a pool that venture keeps the treasure map for modern globetrotters. discover some of us record breaking site on google back youtube and now also in book form. the my guess this week on conflicts own was one of the most prominent members of rush as well connected power, elite, former kremlin advisor and economist, sergey gloria was head of a top economic university and was being re elected to the supervisory board of fairbanks rushes largest lender, when he suddenly fled to france 10 years ago saying he fear for his safety. i know the.