so you're watching dw new c as a reminder of our top story ukraine's president, florida means the landscape is demanding more international a to assess the 10s of thousands of people affected by flooding from the collapse kind of cut down. the accused rush of abandoning residents in areas under its control pulse con keith, blame each other for the dams to structure that said from the evidence team. for now i'll have an update for you at the top of the arrows post. don't go away. coming up next to a business. i'm good. how about present for the and from the advocacy the, the f b i c, i a and most of it has been for 20 years. the song of

a colleague that is the most dangerous time we fund way was sort of the as we say, the poster child for the the profession problem. and then it is said, no one has ever seen a stone in the side of the super powers. the world's most dangerous wanted dogs, june 29 on dw, the china's exports plummet in may. then, now worse than they were before the economy reopened. last why china is post quite a bit. recovery is stalling and cold between 2 suits of power as 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 product. a ton is exports plunged 7.5 percent year on year in may, according to the countries customs bureau. right, that's the biggest fall since january, the figure is just the light to sign by the world's 2nd largest economy is struggling to reboot after it's con demik and to slow down china's exports fee goes have long been the 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 in march 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, on 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 as inputs 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 war, but has been criticized by western countries for refusing to condemn must go 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 up the next sports. well, i think it's basically all down to week global demands. that's the sort of the headline reason. it was indeed a big decline,

much worse than anyone have been expecting. even the more bullish people on the chinese economy hadn't expected the decline to be so strong. i mean, i think there are 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 a 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 to mines, which means that just isn't the demand for the exports. and that's, that's ultimately the challenges facing china right now. is this something that facing would have been expecting when you know it an outside re i think of the end of last year i was 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 ago, 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 um, i think it's, it's, it's worse than everyone was, was expecting,

or indeed hoping for as also with talking about inputs as well, cuz the well down from south korea. so i went over 20 percent. so i 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 then turned into mobile phones or pcs or laptops or whatever and then exported 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 enforce figure is, is also pretty grim. oh, that's interesting. so there's 2 things that you know, that very closely to input to the exports and, and that's how you use it 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 it needs to import these, these, these components for finished goods. it's also what people from, from europe in the us are looking at it also they want china to, in,

for things like luxury goods. and, you know, the luxury goods industry now 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 did an some ways consumer spending hasn't been as bad as some of us, 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 herm 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 the small and medium sized

enterprises in china. they're the ones that manufacture the goods for export. so what they need to do is, uh they look at the 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 seem sort of political reasons why they've been going after things like the ty cools and the tech sector, but i can imagine that would be put on the back burner and 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, a 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 becoming a very good price without him, 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 other lines, particularly 15 and at china, analysts is always fascinating, straight to you. thanks again for bringing is your insights. but as trade tensions between the us and china was and the world's biggest chip make a tire ones, tips 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 with now t s m. c chief c c way is optimistic, the 2nd half of the can see a recovery. the company is also keen to expand its building. a huge plant in the state of arizona and they didn't talk about the factory here in gym to to let's discuss this further with that correspondence in, ty paid so it's on han. so how exactly does to s m c c itself is being, you know, potentially stabilizing influence on that us china tension that we're saying. so, yes or up. first of all, let's contextualize that t, as mc said that at the shareholders, maybe they were telling their shareholders noted 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 and 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 it's a r double. i assume it has the symbolizing role in jewel political patients. you mentioned the potential for war that there is like this concern that china might invade old blockade taiwan. how is t, as i'm see, responding to that consent? well, 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 border, what 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 ts mc to manufacturer a way. first comes from the us, japan, you as a truck, it's used less to just have to wait for 5 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 the survey. as you mentioned about plans, the plans in arizona, jason's, he's also in talks with all sorts here in germany. about the potential plans here as well, and traced and what's behind that strategy from t s. m. c, you're going to branching out into the states. and here in your list standards is to develop an international business model to montana. it's 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 a 2nd stop in japan, which will not focus on smaller chip sides for better computing power bus special processes for the nation market. so really it's because of different markets. i have to have different international strategies. yeah. as another king this in the us and your tab there in the local chip supplies isn't that websites and hong inside pay for is thank you very much for the tact to 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. the 2nd highest court appears to agree with me. it's cited with us comic book published at d. c. comics in a trademark dispute. over that very long ago, you see that and italian clothing brand wanted to use it in the sale of clothing and hockey item saying that because he was don't necessarily always associate the symbol of the black about inside the idol with the fictional, fictional uh, survey, right? about now, but the quote disagreed with the dc. now hopes that the rolling will send a signal to the would be copyright infringement. 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 until we see you next time. take the

to own or not to well. what about a sharing economy? it's a change in thinking is changing the economy to create something new. the economics magazine made in german next on dw, piling up along with dead bodies to be is stuck in a spiral of island. gun ownership is on the right. the gun lobby down, playing in the problem and victims with the focus on 60 minutes. d, w. these places in europe are smashing the record step into

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