to the village is robust team here, close to a rail junction, used by russian military. that's all for now. i'll have another building full isn't coming up in 45 minutes time. don't forget the website. is there any time you need dot com and for socials, like instagram and twitter, the handle you need is s data, but i'm asking how it, i'll be back in 45 minutes. as i said, thanks. i'm making a team here. the pricing strategy is just your thoughts, see what the

interest of the global economy portfolio g w business be here's a closer look out the project. to analyze the flight for market dominance. with dw business beyond the for ever ground shares to think as low as the trouble of chinese profit. they develop a stock price as plunged 80 percent on the 1st day back on the hong kong stock exchange. we'll look into why we'll say dropping is the value of wealth coin the click, the currency, the promised to democratize the global economy. we'll get the latest from our correspondent in the us state of your business on robots invalid,

and welcome to the program. says in the world's most invested property company uh, back on sale, but investors aren't interested. ton is f a ground sort stock value drop 80 percent as it came back from a 17 month trading suspension on monday. once trying his largest real estate then advert ground defaulted in 2020, want to add a satellite with more than $300000000.00 in liabilities is to become a symbol of the chinese property crisis that many fed could spill over globally. on sunday, the company reported a $4500000000.00 loss for the 1st 6 months of 20. 23. other that's actually only huh. the last it nice. yeah. really. 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 as well. i think if you look at what the share price changes to as

a grand, especially in nothing through 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 grand. so therefore, i think it 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 it's 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, as indeed i think if you look at the whole of poor from the african industry using of course, fixed income investors. and those investing 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 this, or like a feel um weeks ago, we see that a bankruptcy falling off as a gordon 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 with that 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 as to risk, is still quite a for some mistakes. how much of for equity investor really depends on whether you frank, uh, 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 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 2 cities, it's 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 and probably will come for 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 going to reach is, is it getting better or is it still a major consent as well? i think the development that we see recently, especially those related to f country gotten in the feel or the, the product for us is that the, so actually the company is that would have performed quite well under the

regulatory criteria, which is the so called free red line and i think this year 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 nowadays. so therefore, i think this time the wrong, the pressure is actually different, tougher than what we saw in the case of as a crank 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 say 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 ferry, of like a big improvement in sentiment, especially from the consumer diet and from the texas and hong kong. joining us that

. now let's take a look at some of the other level business stories that us on china 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 paging this week, however, us says me talk related to advanced semi conductor access unsafe into discussion. 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 regions. national at traffic services didn't say lots of quotes. the issue and ford has one appraisal to bring its driverless technology blue, cruise to german rotors, following a 175000000 tests kilometers in the us and canada. both ortiz will now allow drivers to use almost a pilot in some situations. still have to be in the driver's seat and have to be

attentive to the traffic. that's about a month ago, the critic car, as a well as claim 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 down the wrong direction, downwards from washington. janelle dom alone 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, in a 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 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 life all have a now you're now it's up and running your own girls going refresher. first one shows the app then to or there's an iris scan to verify humanity. i guess i've passed human class 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 to give away unless you're in the west where pip though tokens aren't handed out to, to quote, regulatory uncertainty that actually so i guess i'm leaving with nothing today.

human tools for humanity, the company behind world coined says the techs ability to distinguish real and unique identities could also one day be applied to universal basic income programs in, in a dominated world lines around the world, depending on where the words were. first, we will have to go from the jobs for 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 a universal basic income. and so to be able to do you be i, 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 link, or 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 6 surety 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 claim launched, more than $2000000.00 people around the world have gotten their iris to scan, taking it on trust that their technology is functional and secure. but unless they can convince governments everywhere 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 for the user logins. but in the end, what world klein is selling is an ideal rather than a tangible product. and it need type in widespread buying to do that. but if 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 coast 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 she 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's all for me on the business name here in bell. and if you like more, you can always have to d, w dot com slash business. you can also find his own means either way and 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 from and of his team here in berlin. and until next time the

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there can be a 1000 reasons. so i needed money was no, really none of them should be a.