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. we met cattle breeders 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 quarter. 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 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's significant. china will grow maybe 34 percent, but it's less than expected. if it's less then it's needed. and let's start talking about start from a 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 challenge that china has. so, so there's a couple of the things that china, you know, it could have been done uh, better and you know, so the numbers ends up being a little bit disappointing. and last month's the central bank cut, it's a benchmark lending rates by 10 basis points. is there more stimulus coming? 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, that cpi is also close to 0. so, so there is enough room if uh, if 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

yeah, so those are definitely uh there. um there's different uh, parts of the economy that are in depth. it, for instance, uh you have the, the local governments now here solution would be to have a, some sort of deck 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 large corporations who are, who are wanting that good. it is a, it is a concern. and not thomas after a strict 0 corporate policies and a crack down on the companies. the chinese state and party leaders using paying has been trying to rule the private sector. how's that working? yeah. 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 ex, border of cars this year. it's going to surpass japan with 4000000 cars 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 to the echo systems 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 reforms need to look like. so 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 pop down an industrial policy. we've bought them up a copy, the list, old for a capital list, the system. so combination of the,

of both that where the private sector is incentive, ate it, 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 cuts us flats, director of the china competence center at the university of san galyn 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 it almost took over a bit of 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 of defense you over make are done on it. and the danish who calls versus lead a vitamin full of units be put under what he calls temporary manager. previously,

the kremlin, had warranties. 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 days of latin america across the line. they've been talking about a trade deal for more than 20 years. america sore as an economic loc include in argentina, brazil, uruguayan par, y, and as well as membership is currently suspended. and you, marcus, or deal with the cuts terrace and remove other trade barriers to create the largest free trade area. and the world would cover about end lucy or shelton from belgium, of the schedule being raised in brazil. much of them each

will end up in european supermarkets their own. i am. marina is closely following talks about new america to a trait, hoping it would increase sales to the european union. your scale in europe is a large market. currently the 2nd largest destination 4 percent in beef experts last year, so we believe and hope that it will continue to grow with this agreement that is finally expected to happen. we hope that you are a pain market will open up 4 percent in bathroom that god will bill kindly, but affiliate brazil, as one of the girls largest casual populations with around 224000000 any most. it's also nita in beef export producers here say that beef is better than 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 even 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 program sick, assume that both produce the problem is if we include amenities into our market, some type of a negative effect on the price i could use or c p use very to bought the future of 1000 catch or farming, if the deal comes on his farm in the countryside casa breach badge and blue cattle and his 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 extend it. you have the same and this makes our green pastor redundant and it makes no sense. it's all the damage done to

brazil as rain, far as by kettle funding has long been criticized by amber mental 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 browse you have already rejected. process flow is lead us from both blocks from monday as they've up to what's finalizing video series heat waves have been hitting parts of europe, the united states and asia in recent days. and while 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 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 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 bees do not return the call to their hi. i would like to do that last. instead of being a sudden i had moved outside of my 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 kilograms. beekeeper, elio complains as deputy head of the local beekeepers association. he's also

worried about stocks a key. let know 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 breaker distances. so how does this affects their lives span? because they have to struggle with that. yes, a i last of it. i'm a lesser honey and bees. the di, earlier, the prospect of being a beekeeper aren't as good here, according to the u. n. iraq is one of the countries in the world most impacted by climate change. and that wraps up our show for now. for more check out our website at www. dot. com slash visits. of course colburn roland, thanks for watching. have a successful the. the

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boxing was the story. we have a, getting a visa is more difficult than finding gold hosted to use force and for the future feelings about what's going on in the industry. instead of being discussed across the continent, dw, and use africa every friday on the w 2016. that's a good bye to the queen. customer wants to see them and it was for me, the last few years have been quite a ride, getting fairly in touch with the government. and i've already done no harm, but when it comes to databases and of course i always look right in the eyes for kids, but perhaps the biggest on the new hobby of $900.00 on the referred to viewed the viewed, the person never comes. but when you're feeling altogether, you'll realize it's cold just as another way of living. are you ready to meet the devon? then join me, right? just do it on dw, the

business dw news line from palate ross of blocks, ukraine's great exports. the united nation says the withdrawal will affect millions of people already facing hunger. the agreements previously allowed keith to ship grain from its black sea poles. also coming off moscow condemns what it calls h.