it is hard to come by these days instead of german industrial production fell for the 3rd straight month in july. it is the latest news fanning fears of a prolonged downturn in europe's largest economy in which companies are facing, among other things, high energy prices, sluggish global demand, and a situation in which competitors are now setting benchmarks. a new phrase is popping up among german car executives, china speed. that's how fast they feel they need to move to catch up to the chinese car industry that's grown into a battery powered jug or not. at this years i a or international mobility show. there were no less than 7 chinese e vehicle brands on offer. and even some of the traditional fans of german cars, middle aged and older german men who make time to visit an auto show in munich, even they are starting to get curious about competitors from abroad.

green said to the siding theory. yes. i would buy a chinese electric car and i still drive and my status at my age, the great car and the combustion engine in this is but i have to look to the future so, so when i compare electric is clearly great. i see is shown in a little short on, on to nice enough city, the chinese of course, better when it comes to pricing, then fox, fox, sick, man, i'm very disappointed by folks locked in place for me for the the numbers don't lie and they aren't looking good for german carmakers abroad or at home. this year all electric chinese car maker b y d overtook volkswagen as china is best selling brand. here in germany, the auto industry shrank by 3 and a half percent in june compared to the previous month. that drag is slowing down german industrial production at large would shrink by one and

a half percent during the same period. i'm trying to has a huge electric call bought. okay. well, i know you said developing that when your, if he's going increasing electric is no one does a kind of things as a good markets grow into i think, i mean, i think most tasks, agents just kind of got phones and that tension they are coming. i've been pushing your pain phones, but this is a move to show is a challenge for them to come and say we should be taken seriously. so you can, yeah, you can see that cause next to the stablish. the stop you from the german government is rushing to respond to production concerns in the country last week and approved 32000000000 euros in corporate tax cuts over 4 years to help revise production in europe largest economy. this week it announced plans to massively expand easy charging stations around the country, and the government is also proposing cutting down on the amounts of paperwork needed by businesses. but in

a country where 80 percent of companies still use fax machines, it's unclear if german odometer will ever hit china speed. for some more analysis most bring in august meeting is the chief economist, that barren dark bank. welcome back to the program. hunger is the situation of germany's car makers somewhat emblematic for the german economy as a whole, once pretty innovative, but by an outcome place and, and a victim of its own convoluted ways or what some one is probably the right way to describe it. yes, germany as a who enjoyed the go decade from 2010 onwards, the country in terms of expecting only policy. and the companies in the country to some extent became a bit complacent based on that success. still the problems of the caustic, the bit special because china as the boss resources at the site though, china has basically bought it. so the technological lead in pots of electric

mobility, g, at huge costs in terms of missed opportunities for china to spend the money back to china so that you can buy market share even if it's expensive, in the sense that china really has too much domestic debt. and the german cost that goes at the receiving end of says all the sec doors up from probably a bit less, probably extracting from energy intensive industry. let's try to take a look at the big picture here. i mean, there is a serious of worrying trends within german economy. we have weak industrial output . we have problems in the construction sector and declining private consumption, which is the most severe the most troubling, as well as the moment it is declining industrial output. germany is that heavily industry depend the economy. it is, depends a lot on exporting goods through the world, and we see you shop down to an in global manufacturing. pop,

the inventor. we correction of the companies boot up a lot of inventories early in the late last year. one supply chain lock defense had ease. but this invented correction in global manufacturing is temporary. that within like c, b o the, the, by the end of the year. and i look forward to some of the pounds in manufacturing solving probably next spring onwards. germany, it still has significant strength so far it has a record of employment and it has the strongest physical position of all major european economies. in the sense germany can, whether there's a significant 6 to go down to. yeah, the same time over there. so many industrial companies who are complaining about various things on top of the list is high energy costs. so how do you, how do you figure. 3 should be dealt with that. i mean, some of the german government are proposing the state should temper life subsidize

energy for big industrial companies. while high energy costs are indeed a big problem, but they have not the specific jo and problem. they are basically the european problem relative to say, the us and some other parts of the word sacrament as the most energy prices in the world. well, actually not really enough to energy prices for argue this in some countries in europe actually higher then it just general prices a higher, but they are not the heights. the point is they have cost reason significantly further in the wake of proteins onslaught on ukraine and no energy intensive industries are indeed, leaving all pondering to leave. that however, does not mean that a lot of capacity will be lost for good. after all, we have a serious shortage of labor. still, that is people who may no longer find the drop in parts of the chemicals would probably once to come and 60 comes down to it is over, find a job elsewhere and be productive. and all the sectors of industry or subsidies i

guess meeting aaron back banks, chief economist, talker as always. thank you for your thoughts and out to some of the other global business stories making use china as foreign trade slumped further in august in ports we're down more than 7 percent. and experts around almost 9 percent here. and here, demand from abroad has not fallen every months since april. the world's 2nd biggest economy face has major head winds. with a worsening properties lump consumer spending staying weak and slipping, credit office space group, we were told as landlords to the plans to renegotiate almost all of its office visas, around the world. as a part of a strive to cut costs. this comes after the companies warning weeks ago that there was, quote, substantial doubts over its ability to continue offer. president joe biden is stepping up efforts to boost the us role in fast growing economies in africa. latin

america and asia was trying to state and party leaders asian things. skipping this weekend. the 20 meeting in india was provided was the sub partners and alternative to basing spelled and wrote initiative, which was funded billions of dollars to developing countries. the rise tiers of a death trap here in europe, the business of eco friendly clothing is growing and italy's textile industry is doing his best to keep up. prato is considered the powers of sustainable fashion with a $150.00 tech stock companies processing 2nd hand clothing from all over europe. this used clothing been could be in almost any european city. but no matter where it's located, chance to solve the clothing, we'll end up in plateau, each of the words text find the recycling capital around 150 of to 7000 textile companies here are involved in recycling. use clouds from germany,

austria, and switzerland. and up at solve about $200.00 on june of warehouse he recess to charge off the clothing mazda to optical, at least to the whole work next door takes the last toward our family business has been turning us close into john and fabric for 4 generations. then amazing begins indiana to discard it's crops will become new yarn and rule. it's a complex process that stops here. no submit p o goal is to restore to your own to its original color. we separate the colors and then our machine turns directly into a kind of tie about pump. that way we restore the original color without chemical dyess fence and i don't see the chemical dies that only one of the problems in today's tech style industrial, worldwide 20 percent of water pollution comes from diagram finishing fabrics. that's another reason why it was cycling use floating is so important for

a company process is up to $25.00 tons of public per day. the final product of this fluffy fibers, the recycling process continues in a nearby factory. the fibers are turned into john and then fabric. every european buys, on average, 26th to those of textiles per year. most eventually ends up as not insensitive plot to the re, full start top is already selling recycled design. refreshing around the world. a video more incentive to send to fulfill that. we're seeing that more and more people are interested in these issues and are willing to buy less clothing, but spend more on quality. and it's the opposite of foss expression, which is what we had until just a few years ago. a mom in a was the one that i thought it was the one time to the left for you to me. i knew and people like me color and all these are showing that sustainable fashion is more than just a dream. and finally,

a soft landing of the unpleasant kind. brian air c o michael o'leary took to cream pies to the face and brussels in a protest action by 2 environmental activists. mr. larry was hit with the pies as he held as one man protest outside bureau team commission against air traffic control the strikes and the you the right there boss left off to start cleaning cream pies. where's favorites? kind of kick? the pine came as ryan are pilots in belgium called start strike attraction. this invalidate reports. we're going to submit the and that wraps up our program for more check out our website at w. w dot com slash business, and the dw use youtube channel. i'm chris cobra. and roland, thanks for watching, have a successful, the

cover is 50 and she has diabetes. luckily, illness has found early, but she lives in sierra leone with knowledge of diabetes. and it's medical treatments of to an age of a nice ation wants to change task. getting hama, global in 90 minutes on d w. sometimes a seat is all you need to allow big ideas to growth. we're bringing an environmental conservation to life with learning facts 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 grows through sharing. download it now for

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you're watching due to be new coming. you live from berlin. advert. catastrophic wildfire is greece now really from devastating floods. officials say it's a safe crease, has changed climate zones. as the government sends in troops to deal with the disaster, the severe storms and wrecker rain fall have already killed at least 14 in the region with male rain expected. also coming up on the sho, in syria, a peaceful protest to gathers momentum as to thousands of demonstrators take to the streets, calling for an es.