for now, don't go away after a short break, my colleague rob watts has dw business news. i'm sorry richard sent in for lynn for me and the whole team working behind the scenes. thank you so much for watching the come have a few. she's out t v highlights you every week in your inbox, subscribe. now how offline rivers created. is it by a voice, a full crying voice of how's it goes into the b trees. switching nose up to $1000.00 leases of low. so in a day forest fires evaporating large amounts of moist

tune in to get the onset and learn more about the heavy and visible over the flows through the sky. start september 20th on dw, the b here set fits sites on china's cups. price call make us commission president to a sort of fund a lie and has amounts and investigation into whether paging is unfairly subsidizing its electric car industry. through china's economic problems make it more or less likely to and they tie one will look at contradictory claims out of the us state of the business on robots in berlin. welcome to the d. you has announced an investigation into chinese electric comedy cuz brussels suspects state health from

badging is giving them an unfair advantage in the market. speaking during a state of the union address, here is european commission president, west of the front line, the global markets, and also a lot. it was cheaper chinese electric cars. and the price is kept artificially low by huge states subsidies. this is distorting our market and as we do not accept this distortion from the inside in our market, we do not accept this from the outside. but we can now speak to greg ow sebastien from the maqueta institute for china. so these, thanks a lot of being with us, greco people in your might have noticed the arrival of chinese electric vehicles on the streets here. but what's the impact? so they having on the com, ok it, they're having a increasing rapid entry into the market. and i think that's really going to shake up competition last week on the buy

a you could see that many chinese comic is the likes of the warranty. but also companies like psych on the, the, the new market and then the models for the market. and i think this is really wakeup call. this competition is not meeting up in china. what the market, but it's also hits in europe in combat because at the home to. yeah, cuz come making is obviously a very big business here in your what's the source of support, is he you alleging that chinese electric comic is have been guessing from badging or so the us now proposing to investigate the exec distortions that could be impacting the marketing what is quite likely to be found is that a chinese produces what china based companies, because we shouldn't forget that there's also phone companies like tesla or w producing in china for the export, including to europe, that they have benefited from below market financing, for instance,

that they have received loans from china state on the box that they wouldn't get on know a lot of conditions, but it also includes other support practice like a free or extremely cheap lounge for support when it comes to innovation activities . and finally, time that has taken protective measures to also shield its own credit card companies, lexia to will be what the, the jaime impactful in the sex to from phone competition. and all that is going to be investigated into costs by the u cushion. and it's obviously helpful for chinese comic is that they can sell that costs the chief of and then your things within that is never an argument that china is just doing a better job of nurturing it's electric cost x there. cuz it seems to be just a step ahead of your comic is on this or i think it's the you complete the right side is call make us or ex tree me, you know? but if, and i think that was a really hit the nail on the head when it comes to the finding a and,

and then it targeting the taste of consumers in china, especially. i think what you can call me, i guess, have for some time neglected. is, is to really tailor the call to the local, tight stripe. you don't necessarily need a call that is super powerful. what time is consumers are looking for these digital features and also cheaper prices. and then you can companies off offering and increasing the i think the chinese companies might be worthy of confidence, that they can not only hit the consumer taste in the home market, but they will also find success and overseas markets, including drugs that goes to best in front of the k to institute for china studies that so you know, so another key chinese sector because real estate was a driving force behind this economy for many years. but now it's in deep crisis, develop a debt and a backlog of unfinished buildings. i've left many chinese homebuyers. i've seen the cold are here and we hon. in central china. we can only film with our mobile

phones, uniformed in plain clothes, police, or monitoring a demonstration. the people here are demanding that their apartments, which they've paid ailing real estate, china, advert, grand to build. finally be completed. the local government is supposed to help, but they are short on funds to on the outskirts, we need a home buyer who's afraid of losing his money. he doesn't want to be identified due to pressure. the police have already put on many of the demonstrators woman similar to some of our goal is to the government to assure us of completion and actually carried out without empty promises. the government has repeatedly set that the construction will be completed, but it seems to be an empty promise. we're looking for the promised apartment. it should have been ready for occupancy months ago. ever grand was a symbol of the chinese growth model. keep building,

keep driving up g d p. this mindset has led to an unprecedented construction boom. accounting for 30 percent of china is economic output. so far. the local governments have profited from land sales for decades. apartments of speculative objects, but the boom times are over for now. ever grant and other real estate companies are heavily in debt with hundreds of billions of yours. that's dangerous for the entire economy. testers, michael pettis is taking university explains, are risky, financing model that now appears to be coming to an end basically by forcing you to pay 2 years before the apartment is ready there. borrowing from you and you in turn, borrow it from the bank. and again, as long as prices keep going up, that system works, it's not a problem. but once the price is stopped going up and developers started to run into trouble. they learned that the longer they stretched out the building of the

apartment, the more they could get this free, this free borrowing. the real estate crisis is a major problem for the chinese economy and a deeper economic crisis now looms. every 5th, young person cannot find a job. consumption is weak. exports have collapsed. the previously, rapid growth was heavily based on investments and real estate infrastructure, bridges, highways, new trains, stations. it helped lift 800000000 people out of extreme poverty over the past 40 years. but the investment driven growth model no longer works, somebody within the, within the economy households, the rich businesses, local governments, central government, somebody has to take a big loss. and that's a very political process. and of course it's also very painful. you should see the government's response on state television. there is no crisis, everything points, upward, growth and income in the ever ground new city project,

families are still waiting to move in. after the demonstration. they've been given new move in dates for these buildings. the end of 2024, but nobody here really believes that. so here's the question to china's economic lawyers make it a more likely that the country could invade. ty one or mike gallagher, the republican chair of the us congressional committee on china says yes, he said that as trying to confront serious economic and demographic issues, she didn't think could get more risk accepting and could get less predictable and do something very stupid. he says he disagrees with president joe biden, who says china is economic down to and makes an invasion less likely. in recent years, china's ministry has stepped up its activity around the taiwan, which paging flames at the same time. let's get to the bottom of this with correspondence in taipei, you generally you chance why would an economically weakened china be more likely to

engage taiwan? if that is the case swell? my name elisa, waging a war can be attacked as a countries like china to distract their people from domestic problems as a series of reasons. they have show that china's economic re found after reopening is weaker and lower than expected. some experts, a china can become more aggressive in telling went to a political attentions by highlighting the threats from the west or the importance of unifying. ty, one as an aquatic island, china claim, as its own staging, may be able to distract the pop legs from is frequent high use unemployment rate. and what's worse than the property market swans and a country's economic growth is highly related to is military power. some alice also predicts that the invasion could potentially happen with the effect cade,

as agents military capability, will be as high as in the near term. while it's economy may reach is peak and start to decline gradually. so, you know, off this as some of the leaves may prove to the chinese leadership as good timing to attack type one. this. okay, so that's the, i'll give them full of what about the arguments against was the argument in favor of the idea of it's actually a week in china, economically, you know, is, is less likely to, to launch an attack on tele yeah, so some people, including the us preston, job. i those said it shouldn't be the other way around. they claim the chinese leadership can be busy dealing with it because nomic challenges and may not have the same capacity that he had before to to start an attack. and some also say chinese preston shooting, he is learning from the ukraine. walsh i will and knew was it attacked high one. there was a massive st. could suspensions from the west. and so there heard is economy. but

when it comes to such arguments, china of course dismissed the western commons on this because nomic fountain, as foreign ministry said yesterday, quote, what has collapse is such bethel rig not china's economy? and they also stressed out a prospect of a 6 on the growth payments on change in the long run. generally and type pay for is that now let's take a look at some of the other global business stories that in making the news frontier with our to is have audit apple to wholesalers of the iphone 12 after test . so it is emitted to much radiation absorbed by the body. but apple says the phone has been certified by multiple international bodies as compliant and global radiation stand. hey, to them is planning on selling secondhand clothes. the thing is the flagship store in london and move that reflects the pressure on fast fashion companies to cook. their environmental impact is comes ahead of plant

a regulations to crack down on tech styles, waste a problem. these ways retailer admits that it's plots of or not just a whole week are they don't to see to see these nuns and hike as some germans are known to come traditionally with them occasionally with white socks. now the was best norm, central america is taking steps to mock the 250 years business by selling back and stocks out there that you haven't company it has filed for an initial public offering in the us that without even have more than $8000000000.00, there's no mean feat for a company that only began selling there in 1966 after want to discover them on vacation. i'm beginning pushing them just in time. so the, if you move muscle from in the business team here in balance, i'm all i had to w dot com slash business until next time the

using the ocean as a giant battery and the deepest rocks on earth as though he saw exploring new frontiers of clean energy finding out what works and what doesn't. yet, testing new technologies in germany, looking for breakthroughs made into them and on dw, the . 7 daniels and jim, you're going to the 77 percent comes who i don't go to $65.00 full was while those top 5 years. 3 reasons why. one wants to think we are here to help you make up your mind. we are here on please find your mind. so all the topics i'm much up to you

from trouble fixed a new culture. and in 15 minutes, let's say 50 the parts of our community life on the research is now on the top. the maybe you're familiar with the saying necessity is the mother of all invention around the world right now, but the subsidy is quite high as countries by climate change and the inventions the coming take for example, geothermal heat. iceland has been relying on it for years.