they both supported these as qu, leaders, and have said they will come to it as defense if necessary. meanwhile, other countries of packing diplomacy and suggesting eco, was extend this deadline for the reinstatement of news that president mohammed by zoom, but mediation attempts of sofa being written above by the june to. so the block may now look to expand the economic and travel sanctions. the dates has already imposed, so that's, that's you're up to date slick around because stevens bisley is coming up next is all fallacious business days all season by the hot tips for your bucket list. magic corner check hot spot. and some great culture of the board has to boot

w, travels off, we go. sometimes a seed is all you need to allow big ideas to grow or bring an environmental conservation to life with learning impacts like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge gross through sharing. download it now for the . 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 posts on our show. office sharing giant. we work ones that hired turn over and dwindling

cash reserves are putting it's very survival at risk. and we'll visit italy 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, the weakening demand from consumers and businesses following the easing of pen demik restrictions. in particular, a pro long property market slump has hit 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 our correspond that huge and lee in type pay uh, uterine china, becoming the 1st g $20.00 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 i was 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 last 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 or they came out yesterday and now in port numbers, of course we're also very weak that matches up with this consumer, this ball and consumer demand that we see today. the 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 pose 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 the document excess. so it's like a lot of, you know, kind of summer 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. 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, 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 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, but also like a weakness in global demand. so guess 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 making the 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 it's 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 installed 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 use quarter in new york. again, 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 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 source for his of the 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 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 to another parts of the world and 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. the thing is it's still pretty big here in the united states. so we work actually had hoped him to profit from the trend, but it did not. but to answer your question, yes, this is a broader problem. it just, yesterday we had the right thing 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 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 stories making headlines. the world bank will make new loans to uganda. will make no new loans rather to uganda. due to the country's new n, t l g b t too long. the multilateral lender, which is in talks with you guns and officials, says the legislation goes against his values. the law prescribes the death penalty for some same sex relations. and some lawmakers in you going to have suggested they will resist any for and pressure to change the legislation. i was a big the time government has walked back. part of it, surprise one time when fall tax on banks, it says will capital levy to 110th of a percent of a lender's 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 the 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 sits, your mom i'm 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 know, as you put the fault at all, you've only comes with the plastic. the vegetation under water doesn't get enough oxygen. the suffocating, just like it's one of the environments worst disaster, cool with 5 decades of shellfish farming,

with plastic of turned mach bigelow into a garbage dump. and switch your mind on showing a wants to change that. that's why his part of an experiment that uses nets made from biodegradable plastic made of 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 grow or to work with made or by nets, then more intricate to use than regular plastic. that's good. uh, probably pretty level that's thrown in the plastic bio plastics of biodegradable. and that's a problem for shell fish farming. because the muscles have nothing to hold onto one of them. that's the great fast dental. don't have any shop. i mean it's either of 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 in west village at oceans by the habits at most threatened by

plastic. that's why scientists have developed nets from bio plastics and fits your mountain and showing as tests is helping improve them. the last 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 already been funded. if those 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 the, on the what visit tale and shellfish grower is doing is just the beginning. and it shows that natural materials and file 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

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