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germany and online, the increasingly fragmented world with a growing number of horses digital amplified where this cluster can lead. we really need overcoming divisions and a vision for tomorrow's journalism. register now and join us for this discussion. at the 16th edition of d, w's global media forum. the of china's exports plummet in may then, now worse than they were before the economy reopened. last why china is the post curve in recovery is stalling, and called between 2 superpowers time and these chip make a t s. m c says it has to help cool tensions between china and the us

state of your business on robots input and welcome to the per ton is exports plunged 7.5 percent year on year in may, according to the countries customs bureau. right. that's the biggest full since january the figure is just the light is signed by the world's 2nd largest economy is struggling to re boot. after its content, it continues to slow down china's exports. if it goes have long been a bright spot for the chinese economy. but that may not be the case this year. the chromos ministry says slowing external demand and the rising risks of a global recession, opposing the biggest threats to the country's economy. china's exports the phone from more than $350000000000.00 and much to nearly $284000000000.00 in may. these numbers just one indicate to in recent weeks, the point to

a slowing chinese economy with forwarding, industrial production profits and credit growth. trade with neighboring rochelle and the other hand has sort to level it's not seen since the beginning of the war and ukraine. they exchange goods was $20500000000.00 in may, china's imports from russia. why was more than $11000000000.00, which means sanction had russia has a trade. so plus with china, mainly exporting oil gas and coal badging says it's a neutral party in the ukraine wall, but has been criticized by western countries for refusing to condemn moscow and forts, close ties with russia. as i've been speaking to at china, around the list of clifford coon and i asked him why china has said such a big draw to next sports. while i think it's basically all down to week global demand, that's the sort of the headline reason. it was indeed a big decline,

much worse than anyone have been expecting. even the more foolish people on the chinese economy hadn't expected the decline to be so strong. i mean, i think the european european export some from the to the you found nearly 39 percent, which is a staggering amount. and basically what you've seen is sort of the 1st of all, there's a normalization a year ago. we were coming as we were coming out of the pond. demik shanghai had just reopened and we saw in the impact of that. whereas other markets were still close to feeling depend demik. so in some ways it's not as bad as it looks. but overall, the problem, the child is dealing with is this week over the minds, which means there just isn't the demand for the ex 4th. and that's, that's ultimately the challenges facing china right now. is there something that facing would have been expecting when you know it, an outside reopening of the end of last year, i wasn't expecting it more sustained growth in expo. i think, i think there was a feeling that everyone was expecting a, a boost that there was going to be at least a month or 2. i've got a few months of,

of, of recovery. and that may be things that even as, but i don't think anyone expected things to fall 7.5 percent year on year. i mean that's yeah. and if it can drop. so i think it's, it's, it's worse than everyone was, was expecting, are indeed hoping for. and it's also with talking about inputs as well because the well down from south korea. so i went over 20 percent. so what was driving now? what does it was not to being imported from those countries? electronics, presumably, a lot of it is electronics. one of the things that happens with chinese imports is in a way that they're part of the export cycle. and the ability import things like screens, keyboards, micro chips, of course, they'll then turned into mobile phones or pcs, or laptops or whatever and then next or to it again. so it's kind of feeding into a cycle, which means that we were probably not expecting a major recovery in the coming months and exports because the import figure is, is also pretty grim. oh, that's interesting. so there's 2 things that you know, that very closely to imports and exports and, and that's a, is almost as

a china calling to be, enforcing an awful lot to not also expose, you know, for law and vice versa. well, that's why just needs to import these these, these components for finished goods. it's also what people from, from europe on the us are looking at it also. they want china to import things like luxury goods and you know, the luxury goods industry and that was so reliant on china and, and they were hoping that at the end of the locked down, they would get a boost. and indeed they do is uninstall in ways consumer spending hasn't been as bad as some of some other areas. but still this is a sign that may be um, they won't get a sustained boost in luxury goods. i mean, the immediate reaction, you saw stocks like permit is, you know, luxury brands they, they were immediately where they fell after the news. so clearly they weren't expecting such a big decline either the price target, the fading set of 5 percent for this year. i didn't seem to modest at one point, but increasingly seems unlikely. i mean, well what it, what is badging doing to china? increase growth?

well, i think what it has to do is focus on the domestic economy. that's all it really can do. it can't really do anything about global growth. so what it will look at one of the areas that has been under performing has been to small and medium sized enterprises in china. they're the ones that manufacture the goods for export. so what they need to do is they look at stimulus, the government will be looking at ways to get the economy going. again, they can't really do much about consumer spending, that it's very difficult to stimulate consumer spending. you can, you can get a very short increase, but ultimately, you particular, the interest rates being what they are. you know, the people um, people are sort of are low to really start to start consuming and, and the economy is weak. so what they're going to do is instead some form of corporate stimulus for a long time, we things that are political reasons why they've been going after things like the ty cools and the tech sector. but i can imagine that will be put on the back burner now because they need the tech sector to start growing. they need the smaller medium from the size firms to keep growing. so they've come up with some form of

stimulus measure to, to give them a boost. one interesting part of the story is that china is traded with russia, remains strong. why is that? they, they, they're very strong and they've increased um, one of the reasons is that oil and gas isn't covered by western sanctions. the china can import and kinda import russian cheap russian oil and gas. now, because obviously it's, they're getting a very good price without them without incurring sanctions from the west. and they're taking full advantage of that. i think a lot of the figures are down to things like oil and gas and other than that, and there's other components. there's other aspects that aren't covered by sanctions that are being imported by china, as they said from the beginning of these are to allies and china is taking a very sort of neutral approach to russia's invasion of ukraine. so in some ways this is kind of weeping. the benefit of the alliance particular effecting and at china analyst is always fascinating, straight to you. thanks again for bringing is your insights. but as try attention

this, between the us and china was the world's biggest chip make a tire ones. p s m c says it's hoping to be a stabilizing influence, global demand for semi conductors as ease. since the thing i'm the father of dakota 19 pandemic. when ships were in short supply and now to yes, mc chief c c way is optimistic. the 2nd half of the can see recovery. the company is also keen to expand its building a huge plant in the state of arizona, and they didn't talk about a factory here in gym to to let's discuss this further with that correspondence and type paid. so it's on han. so how exactly does to s m c c itself is being, you know, potentially stabilizing influence on the us, china tension that we're saying. yes, rob. first of all, let's contextualize that t, as mc said that at the shareholders, maybe they were telling their shareholders no to panic and not to listen to what

politicians or military experts say. that is the response to the shareholders concerns that the ts mc stock price is not performing as well as most technology companies. so basically they are saying we're doing fine. the company's decision to build arizona plans in the us is not, of course, and from the us government requests from us customers. and that would help the growth of the semiconductor industry in taiwan. and if taiwan does a better job with semiconductors, the us in china will also have more to consider or lose if a war really breaks out. and that has become the reason that why they think that the ts mc um it's a r double. i assume it has the symbolizing roll into political patients. you mentioned the potential for war that there is like this concern that china might invade old blockade. taiwan. how is t s m c responding to that consent? it's all they have stated clearly that if china were to attack

taiwan, the impact of waveform manufacturing would not be the most important problem for taiwan, because the entire world order would change. they also set nobody can control t t s m c by force. because if you do so, you cannot keep it running for long. the supply chain of the materials and equipment required by p s m. c to manufacturer a way, 1st comes from the us, japan, you as a truck, it's useless to just have to wait for fat and equipment. so china will not be able to get the high end wafers, and the chinese economy will be in k us. they've china snatched as t as mc. china will not have access to high end chips, as we'll just talk about in the economy will be in this, the way you mentioned about the plans, the plans and how is that gonna test? and she's also in talks with both parties here and tell me about the potential plans here as well, and trace them up once behind that strategy from t s m c, you're going to branching out into the states and here in your this well,

this center is to develop an international business model to maintain its leading position in the world in the next 10 to 20 years. and they have to meet the requirements for customers in um, different places. one of the reasons why t s m c decided to set up plants in the us, or maybe in the germany in the future is because of that many of the chips were used in defense and infrastructure and implications. and the customers in these countries want to have local production options and not just the us and germany. t s mc also confirmed just yesterday that they will evaluate the establishment off the 2nd stop in japan, which will not focus on smaller chip sides for better computing power by special processes for the nation market. so really it's because of different markets. i have to have different international strategies. yeah. is another king,

this in the us and your tab that are in the local chip supplies, isn't that websites in hong inside pay for is thank you very much for the of the tact i just lastly, before we leave you, i just wanted to ask you when you see this image behind me who springs to mind? well, i imagine that the answer for most people is bots. man and your opinions and 2nd high school appears to agree with me. it's cited with us comic book, publish a d. c comics in a trademark. scoot over that for a logo, you see that an italian clothing brand wanted to use it in the sale of clothing and policy items saying that because he was don't necessarily always associate the symbol of the black about inside the idol with the fictional, fictional survey or about them, but the co disagreed with them. dc now hopes that the ruling will send a signal to other words, the copyright to francisco. and that's all from me on the business. a man. but then

if you want more from us, you can head over to the toyota. com slash business. and so we see you next time. take the a special edition of complex zone with tim sebastian. this is a border crossing point from moldova into ukraine. familiar with the con moment between ukraine and russia is roughly a 100 kilometers away. the big question dominates here, is where the mold over the next target clicked on one small step for a robot vacuum, one giant leap for exploiting the ocean floor. but this time, a research team will study the possible risk 1st. in order to minimize them. we

have an opportunity to get it right before we even start. is this true nature conservation, or only green washing? deep sea creek, the 45 minutes on dw would or sports, all of our scoring we say they were about never giving up sports flies every weekend on dw, the good peaceful as it appears. most of us sits right next door to ukraine and the searing, devastating conflict with no end in sight.