for digital pressure as high to push a trade deal between the you and countries of the latin american medical store to walk across the line with meth, calibrators in brazil, and belgium. and with heed way of sitting parts of asia, europe and the us for show you the impact soaring temperatures have on honey makes, you know, of course, global rocks, rover chinese economic recovery continues to lose momentum. and the 2nd quarter of this year, the chinese economy grew by only 0.8 percent compared to the 1st floor. this highlights the struggles of the world's 2nd largest economy and getting its engine running due to intense restrictions. during the coven. 19 pandemic. china's economy had a troubling 2022. at the beginning of this year, things started to look promising, but again, the growing trajectory is not stable. let's take a closer look at the matter with thomas cuts us clips of the university of sam

callan. welcome back to w thomas. and how much trouble is the chinese economy? a good afternoon. i'm. yeah, the, the numbers have not been good. so that calls for structural reform at china is, is not in travel. it's still going to account for a 3rd of global growth will be coming from china. so, so that significant china will grow maybe 34 percent, but it's less than expected if it's less than it's needed. let's start talking about the structure of the form here in a 2nd. first of all, what are the biggest problems run as well? a use unemployment is, is a big issue at all. we're at 20 percent. and the fact that china needs to transition from made in china to innovated in china so, so that calls for uh, you know, moving on to, to higher value added to segments of the,

of the economy. so, so that's another, a challenge that china has. so, so there's a couple of the things that china, you know, erica could have been done uh, better and them, you know, so the numbers ends up being a little bit disappointing. and last months the central bank cut, it's a benchmark lending rates by 10 basis points. is there more stimulus coming? mm hm. probably yes, the inflation is very low. so a china kind of forward to cut down uh, interest rates. uh, even further, right. the p. p i was down uh, is down uh, 5.5 percent. the cpi is also close to 0. so, so there is enough room if uh, if um you want to add monetary stimulus. that's doable. china as there's a leeway. but there are concerns about mounting debt and china. you do not share these so yes,

so those are definitely uh there. um there's different uh, parts of the economy that are in depth. it, for instance, you have the, the local governments. now here a solution would be to have a, some sort of tech swap with the central government because the local governments are distorting the economy. so that could be a solution. we haven't heard anything in this regard. you also have the larger corporations who are, who are wanting that good. it is a, it is a concern. not thomas, after a strict 0, call the policies and a crack down on the companies. the chinese state and part of leaders using paying has been trying to rule the private sector. how's that working? yeah, um, well, um, it's a, it's not yet the taking it taken off. i think the private sector is waiting for the, for a structural reform. a package, a serious, a sets of, of incentives. this,

some bright, the aspects in china's economy. like for instance, the, the easy market, the china is going to be the main exporter of cars this year. it's going to surpass japan with 4000000 car so. so some areas of the private economy doing extremely, extremely well. but overall there's probably more uh, reform needed and more similar, more signals from the top uh to the ac assistance that they can, you know, get on with the investments again and thomas and blond terms, we have 20 seconds left. give us an idea of what the structural forms need to look like or yeah, well, it's shifting from manufacturing to services. i think this is extremely important. and then encouraging those echo systems right. china has been successful in the past because it's been top down an industrial policy. we've bought them up a copy, the list old for a copy of the list, the system. so combination of the,

of both that where the private sector is incentive, dated and then some, some area of focus is maybe decided from the top not i like the i r a in the, in the united states. that combination could be very successful. thomas cuss us, that's director of the china competence center at the university of south gallon and switzerland. thomas, thank you for your time. thank you very much. i and out to some of the other global business stories making news. twitter has lost nearly half of its advertising revenue since the law must took over a better reality for a company was $13000000000.00 in depth. advertisers have been reluctant to spend money on the social platform after mister musk made a series of controversial product and policy changes. russia has seized control of the russian subsidiaries, and the defense you over make are done on it. and the danish who calls versus lead a volume of food and a lot of units be put under what he calls temporary manager. previously,

the kremlin, had warned, as it sees western assets in retaliation for moves against russian companies abroad . for the 1st time in 8 years, leaders of the european union and latin america as well as the caribbean, are gathering for a summit. again, trying to strengthen ties which have been strained over several issues in the past . for example, there is mounting political pressure to finally get a trade deal between the you and the america source states of latin america across the line. they've been talking about a trade deal for more than 20 years. marcus, or as an economic block, including argentina, brazil, uruguayan par, why? and as well as membership is currently suspended. and you mac us or deal with the cuts terrace and remove other trade barriers to create the largest free trade area . and the world would cover about 770000000 people and about a 4th of the world's gross domestic product. now,

while some say the deal offers opportunities, others all worried about the consequences dw, is nadia. punters report from brazil, and lucy or shelton, from belgium, of the schedule being raised in brazil, much of them each will end up in european supermarkets. their own a and a marina is closely following talks about a new america to a trait, hoping it will increase their sales to the european union. your scale in europe is a large market. currently the 2nd largest destination 4 percent in beef experts show the least belief and hope that it will continue to grow with this agreement. that is finally expected to happen. if we hope that you are a pain market will open up for presenting bathroom that god will bill kindly present in brazil, as one of the girls largest casual calculations was around 224000000 any most. it's

also nita, in beef export producers here say their beef is better then what is produced in europe because the most can be on pest chat, all yellow things to the my temperatures. the you and merry christmas dates agree to trade, dealing principal in 2019 but nothing has moved since then. no. spain currently at the rotating helm of the you council hopes to get the due by the end of the year at the capital market in the bathroom city of c. ne traders are unhappy about the prospect of more or less and american beef import. even if quote us would still apply the sick assume that both produce the problem is if we put a moving into our market, some type of a negative effect on the price, i could use this or c p. use very good about the future of 1000 catch or farming if the deal comes on his farm in the countryside casa breach, budge and blue kettle and has around 200 and the most, he says,

brazilian need might be good, but they have flow of production standards filled the water, they have to remove the amazon rain forest. tortures and beach extended you have and this makes that green past due to denton timothy. it makes no sense at all the damage done to brazil as rain, far as by kettle. farming has long been criticized by amber men to list the eu has included in the environmental clause, and it's planned for trade deal this macro. sure. but crucial america. so a countries such as browser, you have already rejected it. grasso some of those leaders from both blocks from monday as they've up to what's finalizing video series. he'd ways have been hitting parts of europe, the united states and asian reason, days and well, some are only now experiencing the difficulties to just storing summer temperatures . have to come a regular and iraq infecting particularly heart. those who rely on nature to help their business. the sun burns mercilessly these days all over the world,

whether it is in europe, the us or asia. here in tokyo, for example, people are groaning under extremely high temperatures. the authorities have issued heat warnings, the temperatures can be life threatening. those were out and about are trying to protect themselves. the heat is oppressive here in iraq. it touches 50 degrees celsius in july time and again, for the 4th year in a row, a drought, the says consequences not just for the vegetation but also for the bees. yeah, and you know, these are affected by high temperatures because the queen completely stops giving birth. also, if the bees are outside and a dust storm comes, half of the beast do not return equal to their height. without to do that also that i'll be unless something had moved as high a month to honey making as an ancient tradition here in central iraq. however, heat and drought are putting economic pressure on the beekeepers plans. in the

early 2, thousands, one hive could produce up to 20 or 25 kilograms of honey per year. now the quantity has dropped to just 5 kilo m spooky portfolio complains. as deputy head of the local beekeepers association. he's also worried about stocks a key let me know who would certainly because the bees have a direct association with plans. if there's no vegetation cover, which is something basic, these are forced to go greater distances. how does this affect their lives span? because they have to struggle with the lesser honey and bees the di, earlier, the prospect of being a beekeeper aren't as good here, according to the you and iraq is one of the countries in the world most impacted by climate change. and that drops up our show for now. for more check out our website at www. dot. com slash visits. of course, coburn roland, thanks for watching. have a successful

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in our series guardians of truth watching on youtube. the w documentary, the business dw news lives from ballot brush up locks, ukraine's grain exports, united nations agreement previously allowed keith to ship grain from its black sea posts. also coming up. moscow condemns what have cause of the terrorist attack by the ukraine.