the crews and of course we will stay as long as it is necessary, but hold times remain cut off. and as the scale of the damage grows clear, the cost of reconstruction can only claim higher. for no slovenia is still an emergency mode. you are watching dw, know who's coming to live from berlin up next. we've got business for you with steven beardsley. and of course you can get all those news information anytime you want on our website t w dot com. i'm terry morris. thanks for watching the committed cooling is great for investing the invest. these are the everyone here

just wants to get into big old quite a bit. coins digital gold and we wanted to stay here in central and south america. they're known as the queen, arrows, digital, gold, diggers, investors from all over on moving to latin america in search of bitcoin treasure. nowhere is the crypto currency value is more highly than here. but for many, the frenzy ends in ruin. we were promised high speed rail, but so far there is no sign of the coin in latin. america starts august. 18th on dw, 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 giant,

we work ones that higher turnover and dwindling cash reserves are putting its very survival at risk and will 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 pro long property market swamp 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 ask for 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 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 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 or 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 to 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 badging 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, 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, uh, like china, like economic 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 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. 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 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 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 that 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 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 adapt sent to adam and human there co founder and former c o. off we work ones one to 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 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 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. god will make no new loans rather to you gone to do to the countries knew 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 its 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 full text on banks. it says, well, capital levy to 110 to 4 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 will 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 people 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 falls at 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 of turned mach

vehicle into a garbage dump. and fits 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 on my that'd be a most selfish, gro, was a skeptical about the new material. you have to be a very good grower to work with made or by nets, the more intricate to use than regular plastic. that's good. uh, probably pretty level that's thrown in that i've lost the bio 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. do i have any shots? i mean i see the have 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 course, the budget oceans are 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 not through the it was i am using them to protect the environment and feed my family if i mean to. it's up to us to find new ways to make our shell fish 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 follow to the thought on the, on the, on the what visit tall you 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. were also on youtube under the dw news channel. i'm seeing here is the implant thanks watching the

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