and the yankee acknowledges, it's a big logistical challenge to travel with our children on the tennis tour box. so you wouldn't change it for the well being. so that also makes everything else kind of at ease for me and, and i can't wait to see what you need to be in east berlin. stephen beard leads up . next we dw business news. i will see you tomorrow, the pricing schedule issues with a lot say what the

imagine how many portions of loans us turn out in the world, climate change. the storage space is much less the way from just one week. how much was going to really get we still have time to act. i'm going to like this. the china falls into deflation in july as consumer and business demand drops. it's the latest blow for the world's 2nd largest economy, which is also facing weaker global demand. we'll look at what virginia say post on our show, office sharing joint we work ones that higher turnover and dwindling cash reserves

are putting it's very survival at risk. and we'll visit emily 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 a evelyn, it's great to have you with us. china dipped into deflation in july consumer and producer prices both following for the month of that's due to weakening demand from consumers and businesses following the easing of pandemic restrictions. in particular, a prolonged property market slump has had many consumers in the pocket book. 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 our correspondent, 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 fill 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 prices to sell their products. but this creates a visual circle, dagwoods deter timeouts, because nomics grows. because this, when businesses revenue is decreasing, 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 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, this 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 or they 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 prop 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 the different cities has impose 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 the document excess. so it's like a lot of, you know, consumer goods, as you mentioned, especially in light, clothing and food in the industry. so has been hit hard, so we still have to wait and see like what the chinese government would do. you know, for the next step the gene was expected to really war out of the pen demik coming

out of those terrible restrictions. were we expecting to see a lot more of a, 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 um, you know, um, disappointed figures represent like a like china cuz normally the recovery is still pretty sluggish. so it's kind of the 1st rate, the confidence of the stock market around the world. and as you also mentioned like yesterday, they also have really bad trade figures in july, the exports figures 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, so 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 lead to me. right. the trade war, of course, critical to what we're seeing there also the weakening property sector you gently inside 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. since since founding in 2010, we work has witnessed a rise and fall so dramatically that has become the subject of a fictional, many, serious as a start up, the company was once valued at almost 50000000000 dollars 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 adapt send adam and human there co founder and for here on the planet well to achieve that goal. and he would need to find to another and the source for his a fortune. and it what, what does happen in the past couple of months, so to speak was also higher interest rates. so meaning is 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 in the company, it did mention that their clients are actually leaving and roles. 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. i'm here in the united states and other parts of the world as well. and higher interest rates, once again is a factor. but also, unless people are coming back to where i'm in the united states. so we work actually had hoped them to profit from the 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 it 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 right,

you as court in new york. thank you. let's go now to some of the other global business towards making headlines. of the world bank will make new loans to you. god 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 banks lost 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 it 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 or the vegetation on the water doesn't get enough oxygen. the suffocating, it's one of the environments worst disaster, cool with 5 decades of shellfish farming with plastic. i've turned my people into a garbage dump and switch your mind on showing a wants to change that. that's why he's part of an experiment that uses nets made

from biodegradable plastic made of by which is made from corn of my that'd be good glow or to work was made or by nets. the more intricate to use than regular plastic . that's good uh, phone for the people 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 on to women. that's the great fast dental. don't have any shot to me and see the if these nets had only held for 6 months, instead of the usual 18, i would've lost my entire harvest. it was a huge risk to do a couple of see things where subject oceans are the habits of most threatened by plastic. and that's why scientists have developed nets from bio plastics and fits your mountains, shown as tests, is helping improve them the through the it was i am using them to protect the environment and feed my family. i mean,

it's up to us to find new ways to make our shellfish more valuable media. or even if i find that 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 fargo to the thought on the on job with this. a tall young shellfish grower is doing is just the beginning and it shows that natural materials and bio plastics can really become alternatives. and at d, w dot com slash business. we're also on youtube or the dw news channel i'm seeing here is the implant. thanks watching the how do we feed without destroying the

pesticides 1st sizes and menu, deplete soil of its nutrients. the sauce itself has to be that the way we explore most to sustainable method global us next on d, w. a brewing roofing company is breaking new ground on the job market. attracting applicants with a trainee contest, who will make it. and guess the apprenticeship made in germany in 60 minutes on dw very wants to know what makes the gentleman who loves about anything except away from the fund. i'm not even allowed to go to my own car and everyone was later holes in every single day stuff. getting you ready

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