mind to crimes against humanity. saudi arabia denies any abuses, old children's simple. i'm next on dw to find out why china is got interest rates and not business updated with chris cobra. williams. have a good the . every jenny is full of surprises. we've gone all out to give you some time one day in the course of the right people in your northern most count the police, the free time, but still very much alive. your guy to the special sauce in germany

recognizes where exactly it was fun, learned a lot of our culture history, all their travel extremely worth a visit. the china cuts. another key interest rates trying to revive is ailing property market and its faltering economy will have expert analysis. also coming up after using a chinese loan to build a highway. the small european country of montenegro now has to deal with more than just credit installed and hosting a meeting of the bricks. nations, south africa spacing, a delicate balancing act between its trade relationship with china, and political ties with the way of course cobra,

welcome to the program. china has cut one of its key lending rates in an effort to spur the recovery of the world's 2nd largest economy. chinese economy is still growing, but at a slower rate then was previously expected. that's due to worsening. their worsening properties lump a weak consumer spending and tumbling credit for the countries cetera bank has now cut one rate while leaving some others on touch. surprising at experts read expected further reaching measures, georgia, magnus, and associate at the china center at oxford university. a welcome to w. what impact is this interest rate current going to have as well? i don't think it's really going to have a very much effective tool really. i mean be the one year rate which was reduced by 15 basis points. and it's really sort of a, an interest started, but really entrances the, the rates of which companies bar of the 5 year, right,

which they left unchanged would be a rates that affects mortgage. right? so that's one that's also the codes for the additional household demand for mortgages and for property um, potentially uh, but they decided not to touch that. and maybe the reason that's being given really what that's being floating around is that the of the people's bank of china was trying to balance, you know, some measures to affect, be able to positively affect the economy with also not wanting to purchase the margins of the banking system which being shrinking, in other words, bank property policy has been declining and they didn't want to caught mortgages. it strikes even further. but i mean, this is really a band aid solution. this is not really going to solve the problem. well, the problems in china's real estate market. so, but, but the, the idea to try and trying it on it on a monetary way,

is that the right way to do it to? well, i don't think the problem in the real estate market is because interest rates are too high and people can't afford to borrow. i mean, there are other reasons that people, customer, or clients and citizens don't really want to borrow money to buy houses at the moment. um, i mean, the interest rate reduction will help a beleaguered financial situation in some of the big developers like country dogs and some of the other companies that are in trouble. but again, i just want to stress that i think that this is not something, but monetary policy is likely to do anything durable to correct. but then there may be some measures coming on the budgetary side, on the fiscal side, which will help, but we'll have to see what happens. where is the china heading. co china be heading for a liquidity trap here when consumers and investors are holding cash rather than spending

as well. yes. kind of, i'm just kind of what's going on. i mean, um, in a way, um, companies have not really private companies that is not really being hiring a lot of people, not spending a lot of money on the investments. mean, the numbers for private investments have been distorted, little back to influenced by what's been going on in real estate, which is, is really bad. and sort of outside of real estate. private companies are still investing a bitch, but the numbers are pretty weak. households and not really borrowing this be quite a lot of anecdotal stories about households paying off the move, which is not taking out you mortgages. so confidence is really shots. nobody really wants to kind of step redneck you over the power perhaps. i think this is really dangerous. i mean, yes, the people just hold cash sit on cash. don't want to spend,

don't want to borrow. this is a situation, but a lot of developed countries have seen, you know, like 10 years ago over lemons and so on. so forth. so um, well we have to watch the story catholic, church magnus from oxford university. thank you for your thoughts. among the numerous countries which have received loans from china and recent years is montenegro. the small country in the south east of europe use the cash to have a highway built and is now facing more than just credit and stones. 41 kilometers in 30 minutes. after 7 years of construction and it 1000000000 the euro spend this road to the mountains of montenegro is ready to be used. it was built by a chinese company with workers flown in from china. and it was financed with

a loan. also from china close to the highway. it's great just great from collection to put the leads for good collection is a popular destination for hiker since summer for sky tours in winter. ever since the road has been completed. tourism is booming. revenue is up 3 folded, cut out and us little ice cream shack. we are connected with other towns. we have many stories. now. we come here in the shores of the time. and i think it's good. motorists have to pay a total of $3.00 euros and $0.50 to use the new highway. but it's hard to imagine that the $1000000000.00 investment will be recouped that way. latasha collection, which works for a non governmental organization and has been criticizing the project for a while. as she says, the 41 kilometer stretch is an immense burden. on the country's budget. we have

income from the highway, which is a 9000000 of euro's annually. and we have a loan rate, which is for the half of the year, and it's about $14000000.00 euro, so it's obvious that we can cover the loan with what we have. and is we have to put this remaining money from the budget. another problem, the highway leads to the top i river valley. the river is the unesco will's heritage side. it's known for its crystal clear water and green banks. except the highway has destroyed all life in the lower parts of the river. there are no more plants here. the banks have been washed out entirely. tons of excavation material have been deposited here. what's left on the once beautiful environment? rock central left over construction, steel. all the trash as truant, the water, muddy. basically these grey motors coming from different excavations, but also coming from this dump sides which have this flushing of segments. and this

is actually went through the spring, the bed, but also by diversity. just, you know, with a covering it over a month to nicholas capital, city of put go heat. so no one seems to be in charge. no one's answering questions . and then the 41 kilometer highway comes to a southern end. china has offered to extend another loan to keep building, but the government found that too risky. they know if they only missed one payment aging has the right to confiscate state property. the leaders of the so called bricks, nations, brazil, russia, india, and china are gathering in south africa. this week the meeting could see an expansion of the block and move favored by china and russia, and their attempt to give the group a bigger global clout. meanwhile, whole south africa needs to manage a delicate balancing act, maintaining its trade relationship with china. without alienating europe and the

united states. the 15th annual bricks meeting will not have rushes. vladimir putin in attendance photographer seed. lucy, sou costs a regret that he will not get them in front of his lens. he would have welcomed him with open arms looking at the great media and as opposed to the decision of not coming to the beach, let me fix it up because i think is best for me to also support which is a great, a lot of. so that's really good and africa as a whole, while putting may be popular to some, the russia connection rooted in the governing african national congress has historical relationship with the ussr during the struggle against apartheid is causing some serious diplomatic headaches. russian trade is now seen as being prioritized over other bigger partners. we lodge, we uh explore to russian by any means. and that's about

a $150000000.00 us dollars worth of trade. and we import from the mostly central hole in wheat. but on balance, we seem to be trading with some equal amounts, but on, in terms of the size of the overall trade boss, good rush, it contributes a bunch, 0.254 for overall uh, export. bhaskar. africa's most developed economy relies heavily on the us and china . it's 2 biggest trading partners and they're ongoing support for russia. threatened south africa's post cove at economic recovery and the balancing act for salt i forgot the moment is to maintain and deepen is trades relationship with china as the 2nd largest trading partner, the 2nd largest global economy at the same time, not alienate america. and europeans who have been our historic trading partners over what is now the russian fact small and medium sized south african

businesses rely on free and open trade. one of them is solar supplier i g e n. so in the next 15 coming from china, anything that could threaten trade has many here worried are, these are all the way switching. we look at the assembly and it says, and because we do not have the strongest, got and see if this is dr. frontage to have with china, in terms of the basic sales that the inputs and that includes yes with this allows us to create more jobs to grow our skills and to improve i couldn't in the country marred by any quality, growth and job creation are a priority on everyone's mind, as the brick stomach kicks off in johannesburg and finally as tensions grow across the strait of taiwan, the latest sign of fruits diplomacy, china suspended the import of taiwanese mangles, trying to says they found really bugs, pests, and the food was so full. taiwan believes it was because of worsening political

ties following the recent us stop overs by type of nice vice president for him live the band follow similar orders by raising over the past 2 years against imports of ty, when is pineapple pineapples wax apples, citrus fruits and some see and he has a reminder of our business top story at this hour. china has cut one of his key lending rates and then efforts for the recovery of his world's 2nd largest economy . that's on the back of a slow down during the worsening property. swamp re consumer spending and tumbling credit. that's our show for more check out our website at www dot. com slash business. i'm chris cockburn, berlin for me and the entire team. thanks for watching. have a successful the

charlie, molten, racy con dr. records. what's the next? 24 hours of the food is full. pleasure. how of the environmental protection as the greenhouse gases come from production? folks? what kind of to so good for the climate. how should we goes out to the pin climate resilient vegetables and what are the key considerations for sustainable tomorrow today. in 60 minutes on dw,

we are all set and we're watching closely. we all seem to bring you the story behind the news. we're rolling about unbiased information for 3 months. the london's iconic black caps get an electric transformation. pluses and kronos involved to go driver free and trans racing driver, charlie martin on how embracing her authentic self help through excel. right now, fun read the .