the and that is also now coming up next. the deputy business robots will tell us washes in the chinese company, develop a if a grand a have one coming up after a short price phenomena. anyhow, thanks for your company. and where is it in the world, you're watching a good thing. the come have a future counting the highlights you every week in your inbox. subscribe. now you become a criminal franklin, a told me about sugars paralyze between your societies. computers that are

dental governments that go crazy. so your data explain how these technologies work . they can that's how they can also watch it. now, the advert ground shares to think of a low of the trouble with the chinese profit. they develop a stock price as plunged 80 percent on the 1st day back on the hong kong stock exchange will look into y full. so dropping is the value of wealth coin the click, the currency that's promised to democratize the global economy. we'll get the latest from our correspondent in the us state of your business, summer blocks invalid, and welcome to the program. says in the world's most invested profit, a company uh,

back on sale, but investors aren't interested. ton is ever ground sort stock value dropped 80 percent as it came back from a 17 month trading suspension on monday. ones, china's largest real estate, them advert brown defaulted in 2020. want to add a satellite with more than $300000000.00 in liabilities. is to become a symbol of the chinese prophecy crisis that many fed could spill over globally. on sunday, the company reported a $4500000000.00 loss for the 1st 6 months of 2023. other that's actually only half the last night. yeah. right. yeah, but let's discuss the situation with our grandfather with gary young, who is a senior economist at texas. he's joining us from hong kong. thanks a lot for being with us as the extensive this dropping have a guns shap price come as a surprise. well, i think if you look at what the share price changes to if a grand especially and nothing to new because it's pretty much the same last for if

you look at other developers that may have not caught to the so strange thing like if it grant so therefore, i think that pretty much still shows the well, in general, the real estate sentiment in china is doing not a great and therefore, i mean for investors who may have helped this company for like close to one and a half years. they probably looking for a way out. so this is why they are selling that start at this price. um, you know, uh today. so i have a grand holidays losses in the 1st half of the year and it does say that is moving in a direction. is there any evidence that investors are buying that and they believe that the progress is being made the type of grant or indeed, i think if you look at the whole approach from the african industry using of course, fixed income investors and those invested equity may have a like a different view for the fixed income side is really about how quickly actually to

from can actually restructure itself. and i mean, in the, or like a feel um weeks ago, we see that a bankruptcy falling off as a garden into us. but this is not something that is very game changing in terms of, you know, finding the ultimate resolution in terms of, you know, where the firm is heading to and whether they can get back to the money that they invested in. so therefore, i think the trend or sentiment for fixed income investor, which is generally the most sense of risk, is still quite that for some mistakes hubbard, for, for equity. investor really depends on whether you frank, like the real estate market in china has such an important oh, but if we look at the gen the roofs, uh, like basically performance in the home market on, on. i think the most important point is really about where the home buyers are willing to buy a house as right now, which basically means is where the developers can, i should get the cash rules right now, if we look at the biggest law just for a district test is still only 50 percent of the like pre record $83.00,

a change left for the x rays of 2019 to 2021. so it basically means that, well as the end, the 3rd big growth potential may be is still quite a sector regulations. but i think everyone is waiting for you to turn in the general regularly trade problem and which it has and really come yet. or if it does, it probably will come from the 1st slowly. so you, you mentioned, you know, this question about whether or not the real estate sex or in china has blossomed out or what is the sentiments in terms of whether or not it has you know, reached the west point is getting to reach is, is it getting better or is it still a major concern in as well? i think the development that we see recently, especially those related to f country gotten and the feel or the, the product for us is that the, so actually the company is that would have performed quite well under directly related to re, uh, criteria which is the so called stray red line,

and i think this, yeah, even this company is a basically they cannot survive, which basically shows that there is indeed something structurally wrong with in the, um, uh, the system that we see uh nowadays. so therefore, i think this time, the wrong to pressure is actually different, tougher than what we saw in the case of epic rent before. but the good news is that at this we start to see more opponents is being rolling out. there talks about lowering for the rates, not only for new mortgages, but also for existing mortgage. they're also kind of a strong to push to get liquidity to developers. but i think the ultimate question is, do, even if we see this measure as being roll out, that has sent them and really improved. i think from the data site, we haven't really seen that very uh, like a big improvement in sentiment, especially from the consumer diet and from the texas in hong kong. joining us that . now let's take a look at some of the other level business stories that us on china. i have

formerly pledged to seek solutions on trade, on investment issues and to advance us commercial interests in china. the agreement was made while the us secretary of congress. i've heard chinese council meeting badging this week, however, us says the talk related to advanced semi conductor access. and also i'm going to discuss and see a technical problem is hit add traffic control systems across the u. k. thousands of passengers without to expect delays to that flies as the number of genies was restricted. richings national at traffic services didn't say lots of quotes. the issue and fords is what appraisal to bring its driverless technology blue cruise to german rotors, following a 175000000 tests kilometers in the us and canada. well, socrates will now allow the drivers to use or say pilots in certain situations still have to be in the driver's seat and have to be attentive to the traffic

among the guy or the critic or as a well claimed launched with a promise to give every person on the planet, access to the global economy. millions of people who signed up to have the irises scanned and be welcomed into the will coined community. however, that currencies value has been moving and i only one direction downward from washington. janelle, do malone has more. thanks rob. to say world klein isn't a business project, is just a bit of an understatement. to quote from it stated mission, it's to create a globally inclusive identity and financial network owned by the majority of humanity. the ideas of this, if you can prove you are human and real, you can stand up and be counted when it's time to allocate financial resources, like say, and are universal basic income effort, years down the line. but it's only been a little over a month, and the excitement is already giving way to skepticism and an even more enthusiasm

dampening regulatory crack down around the world. take a look, a grand vision, beginning with an orb who sees you for who you are. when the hardware works anyway for trying another one you are bothering me earlier. no, it's life all of a. we much. now you're now it's up and running your own girls going refresher. first one shows the app, then the or if there's an iris scan to verify humanity. i guess i've passed human and you know, i get a world id that would let me log onto apps and websites anonymously. in exchange for the iris scans, users receive crypto tokens worth around 40 west dollars. unless you're in the west where crypto tokens aren't handed out, what are you able to do to quote, regulatory uncertainty that actually so i guess i'm leaving with nothing today. human tools for humanity, the company behind world klein says the text ability to distinguish real and unique

identities could also one day be applied to universal basic income programs in an, a dominated world lines around the world. depending on where that works. we're 1st we will have to go from the jump suit today to the jobs of tomorrow, right. and that will be a little bit of a bumpy transition. and it will be very important that we're able to support people around the world during that transition, with experiments like you'd be universal basic income. and so to be able to do you be, you need to be able to get money to people, but you also need to make sure that people only claim that money once. but since it's launch a month ago, a host of issues has be set world coined the most famous being tenure, suspension of the project over privacy concerns, and things have hardly improved since questions around ethics and privacy linger and critics, a broad coin has yet to answer them satisfactorily, the 1st thing i think i want people to understand is exactly who is going to be

harnessing their data. the 2nd thing is, i have some questions. i would like to ask about secure the, the orgs that they're asking people to use is a piece of hardware that could have security flaws that were not aware of like a question. i would have it cannon or operator access that data through a back door or some other thing is a savvy or of operator might be able to figure out a hack into the or to get the data before it's deleted. since world klein launched more than 2000000 people around the world have gotten their iris to scan, taking it on trust that the technology is functional and secure. but unless they can convince governments everywhere and that the grand vision of the world coined who remain just that a vision. so what's the way forward for world going? the company behind it says it's working together with regulators as reviews are conducted. unlike all tech driven network ideas,

it dreams of scale. tools for humanity told us that by next year it expects tens of millions of people to have joined the network and a lot more apps and services around the world trust started using world id further use our log ins. but in the end, what world cooling is selling is an ideal rather than a tangible product. and it need type in widespread by end to do that. what is the declining value of the world coined token translates to ever shorter lines of new users and even shorter attention spans those milestones may be hard to achieve to help them a lot in washington. thanks. i just finally, obviously one of the lights, princess diana's most famous aust goes of clothing is going up for auction this week. the fashion icons black sheets went to is expected to fetch up to $60000.00. that dump made headlines back in 1981 because of its

passive people speculated that the black chief might have suggested that diana was feeling something of an outside. within the british royal family, the manufacturer says that they discovered it in the attic, along with a note from buckingham palace that asked for a rich cost uh, cost even to be repaired. so they sent a, a new one instead, and forgot about the damaged original. and that, so for me on the business team here in bell, and if you like more, you can always had to d, w dot com slash business. you can also find his own means either we can use youtube channel, plenty of full content on that for you. and of course we're on facebook as well as data we dumped business command of his team here in berlin. and until next time the

she couldn't find another way out. bullying in spain, cost key and i lopez, ton life. her family and active is all slicing full justice on an anti bully and to finally put an end to mystery and looks lost on d. w. a pulse, the beginning of a story that takes us along for the ride. this is the culture information. this is the the news w. mine's our sports. all of our

scoring we say there about never giving up sports flies every weekend on dw, the walking down the hallway at school used to feel brian, he never withdrew it. today he visit schools voluntarily. but for 12 years school was a living nightmare was done. but give it to you, if they look for any reason to hurt you said it would be seek, it might be the way you look when you're not clever. you are off with your clothes or your tastes or that.