dwindling cash reserves are putting its very survival at risk and well visibility for a look at a new, more sustainable way to farm muscles for those fishermen willing to give it a try. hello, and welcome to our show. obviously there's the evelyn, it's great to have you with us. china dipped into deflation in july with consumer and producer prices both following for the month of that's due to weakening demand from consumers and businesses following the easing of pen demik restrictions. in particular, a prolonged property market slump has had many consumers in the pocketbook. lower demand for chinese export isn't helping. meanwhile, with data released tuesday showing a considerable slum for july. and the pressure is now growing for badging to release more stimulus. to jumpstart the chinese economy. let's go to a score by correspond that huge and lee in taipei, uterine china, becoming the 1st g 20 country to see consumer demand fall in a month since japan in 2020. what does this tell us about what's happening in this

economy right now? so 1st of all, we have to understand that the consumer price is an important decatur of inflation rate. so the july figure in a china cell and become negative for the 1st time in more than 2 years, is this fact in the case that a china is sliding into the ration. as many experts said that this means that consumers in china still pay for saving to spending. so business have to, you know, cut prizes to sell their products. but this creates a visual circle that was the 3rd time house because nomics grows. because this, when businesses revenue is increasing, they would probably, with the base thoughts too late of workers to reduce your costs. and, but let, the good news is like some experts say that china will not probably, you know, follow the path of japan, which has seen like a more severe deflation that lot of nearly

a decade. so and some experts say that china's deflation will only last 6 to 12 months. so that is kind of of good news. and amid this, you know, economics downtown, at the same time, this news, this drop and consumer demand is, comes on top of some other weak indicators, especially when you look at over all or overseas demand, i should say for chinese goods, those numbers down, we saw the export numbers were very weak that came out yesterday and now in port numbers, of course we're also very weak that matches up with this consumer, this fall and consumer demand that we see today. paging can't do much about those that weaker overseas demand, but what can it do about domestic demand? is there any way that it can help wrap that up? it's well actually it's really hard to tell at this point because like many reports said that some local economics are either not allowed to, you know, public assured that there is a deflation in china. but we can see that

a lot over the past few months. china has been working hard on boost consumption by imposing some stimulus funds, for example, last month of aging issue 20, mature, to bows, consumption. and even like in the real estate industry, a local governments across different cities has in post on, you know, tax free phase. and cash subs subsidies to encourage home purchases. but so far like the, the fact has not been, you know, as you know, effective as we like to document excess. so it's like a lot of, you know, consumer goes as you mentioned, especially in like closing and food in the industry. so has being hit hard so we still have to wait and see like what the chinese government would do. you know, for the next that step begging was expected to really war out of the pen demik coming out of those terrible restrictions we are we expecting to see a lot more of

a resilient economy and we're not. what does this mean for the rest of the world, which we, as we know is highly dependent upon trade with china. it's well because these, you know, disappointed figures represent like a, like china, like economic recovery is still pretty sluggish. so it's kind of the 1st trade, the confidence of the stock market around the world. and as you also mentioned like yesterday, they also have really bad trade seekers in july, the exports figure sale over sold by over 14 percent year on year. so we kind of shows that china is not only facing a domestic slow down. so also like a weakness in global demand because like the west is also like socially monitoring, watch, china can offer. and also because there were between us and china. so like the see man for imports from china is also meeting right. the trade war of

course critical, what we're seeing there also the weakening property sector, you gently and type pay. thank you very much. co working space provider. we work says that there is substantial doubt about its ability to stay in business over the next year because of its financial losses and its need for cash. in a filing to the securities and exchange commission, the companies that have posted a net loss of nearly $700000000.00 in the 1st 6 months of this year. after recording a whopping $10000000000.00 and net losses over the previous 3 years extend since founding in 2010, we work has witnessed a rise and fall so dramatically that has become the subject of a fictional many series. as a startup, the company was once valued at almost $50000000000.00 right over to humans, quarter in new york gains. why is this situation for?

we work? so it's so serious, right now, what's going on for your? well, i mean, this is not the southern dest sent to adam and human there co founder and former c o. off we work once one and 2, it'd become the 1st trillion there on the planet well to achieve that goal. and he would need to find to another the source for his a fortune. and it what, what did happen in the past couple of months, so to speak was also a higher interest rate. so meaning, it's also more difficult to find to potential investors. so and then we work has been a risky business from the get go. they're using a property long term, and then they're renting a short term. and if you can't rent your space, then you lose money. so that is one of the big problems. so for we work into

a company, it did mention that their clients are actually leaving entrails. is this a bigger problem that we're seeing right now with commercial real estate in general, or is this specific to we work? well is, this is definitely a broader problem that we're seeing em here in the united states and in other parts of the world as well. and higher interest rates, once again is a factor. but also, unless people are coming back to work, the whole hybrid to work from home. and the thing is it's still pretty big here in the united states. so we work actually had hoped them to profit from that trend, but it did not. but to answer your question, yes, this is a broader problem just yesterday we had the rating agency, moody's downgrading 10 banks here in the united states. and one of the reasons for that also was the problem and was a real estate. and so, yes,

the whole office is space and it's a huge problem here in the united states, and that's also a problem for other companies. and for banks, as i mentioned, ryans court in new york. thank you. let's go now to some of the other global business stories making headlines. the world bank will make new loans to you. gone will make no new loans rather to you gone to do to the countries new n t l g b, g too long. the multilateral lender, which is in talks with you guns and officials, says the legislation goes against its values. the law prescribes the death penalty for some same sex relations. and some lawmakers in you gone to have suggested they will resist any ford pressure to change the legislation. i was a big to me the time government has walked back. part of it, surprise one time when fall tax on banks. it says, well, capital levy to 110th of a percent of the lenders, assets, so as to limit the impact of the shift comes after. tell you bank loss,

nearly $10000000000.00 and market value on tuesday following announcement of the tax proposal. well muscles are a favorite dish across the mediterranean where they're typically farmed with long ropes suspended from wraps. those ropes in turn made out of plastic. now there's an alternative for those fishermen willing to give it a try. here's a look at one of them in the southern city of terrence. so whatever the weather seats you mounted on showing a goes out to mock peak low just like his father and grandfather used to. he feels at home in this lagoon, for centuries, muscles have been farmed here in cellar waters, initially with him or caught in nets and then plastics. since the end of the 19 sixty's, you put the fall that all you've only comes with the plastic one of the environments, worst disaster, cool with 5 decades of shellfish farming with plastic of turned mark people into a garbage dump and fits your mat on showing a wants to change that,

that's why he's part of an experiment that uses nets made from biodegradable plastic maita by which is made from corn of my that'd be a most selfish, gro, was a skeptical about the new material. you have to be a very good crawler to work with made or by nets, then more intricate to use than regular plastic. that's good. uh, probably pretty level that's the only that i've lost the file plastics of biodegradable and that's a problem for shellfish farming because the muscles have nothing to hold onto within. that's the great fast 10 on the if these nets had only held for 6 months instead of the usual 18, i would have lost my entire harvest. it was a huge risk to do a couple of feet thing where subject oceans are the habits at most threatened by plastic. that's why scientists have developed nets from bio plastics and fits your mountains, shown as tests, is helping improve them the,

the introducing them to protect the environment and feed my family. if i mean, it's up to us to find new ways to make our shell fish more valuable media or even if i find that it most new nets help make to run to muscles that will something very special that'd be, i'm or not a that can be seen when follow to the thought on the, on the, on the what visit tale and shellfish grower is doing is just the beginning. and it shows that natural materials and bio plastics can really become alternatives the. and that's our show for more about these and other stories. you can check us out online at dw dot com slash business. we're also on youtube under the dw news channel i'm seeing here is the implant. thanks watching the,

the, the

team and we take a trip to scotland with the catholic priest most concave, who is a self proclaimed church rebel fighting for progress and changing his church. and when he's not working for us to understand the holiness of whiskey, the 13 d. w, a young indigenous woman went missing in fargo, and many of us were forced to search for her. we didn't want to waste time convincing law enforcement that we are human one faithful story among many indigenous women in the us. rates and listening with all the trees bring in 75 minutes

symbol dw, it was 2016. that's a good bunch of the queen customer wants to see if gemini was the name the last few years. have been quite a ride. getting really in touch with the averted, i'm a handbook when it comes to gemini is on the call. so with look right in the eyes for kids, but perhaps the biggest on the new hobby of 900 on the referred not to be in the news. the repairs and never comes, but when you feed them altogether, you'll realize it's cold just as another way of living. are you ready to meet the driver and then join me, right? just do it on the w of interest in the global economy. dw business b on. here's a closer look at the project. our mission. to analyze the flight for market dominance. this is west with dw

business beyond the business, dw news live from violet. spots of europe that play extreme with up spain and portugal 5 qualifies as southern europe breaks in a heat wave. while the chief oil is about fund a line visit slovenia to see for himself the optima officer via flooding that.