for the enter miami in major league soccer and it was created by jubilant spans upon his arrival in florida. the world cub winter had turned down a $500000000.00 offered to join the saudi pro league of miami mfc. we'll earn a salary plus a percentage of all revenue while he's playing for the class while you're up to date. but stay tuned for d w. business with chris cobra. i'm the coast really thank you so much for your company today by the come have a few. she's out t v highlights you every week in your inbox, subscribe. now one of mankind's oldest ambitions could be within reach.

what do you see? it really is possible to reverse the researchers and scientists all over the world for you know, race against time. they are peers and rivals with one daring goals to help smart nature. the boy likes watching it. on youtube, dw documentary, the china as frail post coven recovery is losing more speed. the world's 2nd largest economy grows only 0.8 percent quarter on quarter, and mid faltering demand. a lot of expert analysis on where china as economy is, tenants also coming up 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 us will show you the impact soaring temperatures have on honey makes. you know, of course, global rocks rover. china is going on, bigger coffee 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 cove and 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 flips 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'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 the structure of the form here in a 2nd. first of all, what are the biggest problems run, smell? or 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 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. the cpi is also close to 0. so, so there is enough room if uh, if um you want to up the monetary stimulus, the, that's the 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, no sierra 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 larger corporations who are, who are wanting that good. it is a, it is a concern, not thomas, after a strict 0 corporate 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. 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. there's some bright 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 reform needed and more similar, more signals from the top uh 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 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 capitalist, ultra capitalist, the system. so combination of the, of both the,

where the private sectors, 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 cuts us flats, 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 in 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 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 warranted with seas 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. marcus, or as an economic block, including argentina, brazil, uruguayan par, why? and as well as membership is currently suspended. and you americans 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 in about a 4th of the world 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, the of the schedule being race in brazil, much of them each will end up in european supermarkets their own. i am marina is close to the following talks about a new america, so a trait hoping it will increase sales to the european union. your scale in europe as a large market. currently the 2nd largest destination for presented beef experts. so we believe and hope that it will continue to grow with this agreement that is finally expected to happen and we hope that you're a pain market will open up for present in the bathroom at god. it will be back on you. but if it in brazil, as one of the world's largest casual calculations with around 224000000 any most, it's also nita in beef export producers here say the beef is better than what is

produced in europe. because the animals can be on pest chat for yellow things to the my temperatures the you and may, i, christmas dates agree to trade, dealing principal in 2019 but nothing has moved since then. no, spain currently at the rotating home of the you council hopes to get the due by the end of the year at the casual marketing, the badge i'm city of c name traders are unhappy about the prospect of more or less in american beef import. even if quotas would still apply the program sick, assume that both bruce, the problem is if we are moving into our market. so we talked about a negative effect on the price. our producer c, p, use very to about the future of 1000 catch of farming is to do, comes on is from in the country side, casa breach badge and blue kettle, and has around 200 animals. he says, brazilian need might be good,

but they have flow of production standards filled water. they have to remove the amazon rain forest temperatures and beach extended you have in this makes our green pastor redundant and it makes no sense at all. the damage done to rosie as rain forest by cattle funding 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 may occur. sure, but crucial americans will countries such as browser you have already rejected it. process one of those leaders from both blocks from monday as they were up to what's finalizing video series. he'd weighs have been hitting parts of europe, the united states and asia in recent days. and while some are only now experiencing the difficulties to adjust, the soaring summer temperatures have become 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 beast do not return the call to their high or the to do that also that i'll be in a sudden, had moved as high a month to honey making as an ancient tradition. here in central, 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 greater 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, coburn roland, thanks for watching. have a successful the. the

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