america's specialist suspects, state health from badging is giving them an unfair advantage in the market. speaking during a state of the union address, here is your paying commission president west of the front line global markets on now for 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, the china. so these, thanks a lot of being with us, greg or people in your might have noticed the arrival of chinese electric vehicles on the streets here, but what sort of 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 a 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 only eating up in china, also markets, 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, of what the source of support is. the you alleging that chinese electric comic is have been guessing from paychecks or so the you is now proposing to investigate. that'd be exec distortions that could be impacting the market. what is quite likely to be found is that chinese produces was china based companies who 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 banks that they wouldn't get on know a lot of conditions. but it also includes other support practice like a free or extremely cheap loud um, well support when it comes to innovation activities. and finally, trying that has taken protective measures to also shield its own by credit card companies lexia to will be what the, the jaime impactful in the sector from phone competition. and all that is going to be investigated into costs by you commission. and it's obviously helpful for a chinese comic is that they can sell that cost for cheap and then your things. but in the document, the china is just doing a better job of nurturing it's electric cost sector because it seems to be just a step ahead of us comment because on this so i think it's the both you are you completely right. so i just call mike as it's free me, you know, but i think that was a really hit the nail on the head when it comes to the finding a and,

and then targeting the tastes of consumers in china, especially i think what you can call me i guess for some time the next it 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. then you're getting companies on offering and increasingly, i think the chinese companies might be worthy of confidence, that they can not only hit the consumer taste in the market, but they will also find success and overseas markets, including in europe, 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 here in lou han and central china. we can only film with our mobile

phones, uniformed in plain clothes, police are 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 suppose to help, but they are short on funds to on the outskirts we made 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. a 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. do john is economic lawyers make it a more likely that the country could invade? ty one or mike gallagher of 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 get less predictable and to do something very stupid. he says he disagrees with president joe biden, who says china's 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 as well. my name elisa, waging a war can be attractive. countries like china to distract their people from domestic problems as a series of reasons they have show that china's economic rebound after reopening is weaker and lower than expected. so ex, thursday, china can become more aggressive and dealing with 2 political attentions by highlighting the threats from the west for 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 freckled high use unemployment rate and look worse than the property market spawns 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 me prove to the chinese leadership as good timing to attack type one. okay, so that's the, i'll give them full of what about the arguments against was the argument in favor? 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, joe biden said it shouldn't be the other way around. they claim the chinese leadership can be busy dealing with is 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 attack taiwan. there would be massive st. could distinctions

from the west and further herd is economy. but when it comes to such arguments, china of course dismissed the western comments on this economic analysis. as foreign ministry said yesterday, quote, swap has collapsed as such, bethel rig, not china's economy. and they also stressed out a prospect of a 6 on the gross 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's in making the news frontier with our to is have audit apple to wholesalers of the iphone twelveth to 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 global radiation stand. hey jeanette is planning on selling secondhand clothes. the thing is flagship store in london and move that reflects the pressure on fast fashion companies to cook. their environmental impact is comes ahead or

planned a regulations to crack down on tech styles, waste a problem. these ways retailer admits that his pulse of the not just the whole week are they the don't just the to cps nuns and hike as them germans are known to come traditionally with them occasionally with white socks. now the world's best name sound will make a it's taking steps to mock 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 would value it at more than $8000000000.00. that is no mean feat for a company that only began selling there in 1966 after wanting to discuss with them on vacation, began importing them just in time. so the, if you move so for me in the business team here in balance, i'm all i had to feed over you dot com slash business to next time the,

the dream of the family home. these ideals are a life muscle to rescue the planet. to get on simple, indeed, it's a bad optimizing living situation. no maximizing square made a deal good without me to think sustainably live differently. all cities saving the route. 40 to the um. so to almost everything in 90 minutes double you can use yeah. a 9 giraffe. we are all set. i'm watching closely. we all seem to ring of the story behind the news. we all about unbiased information, feel free mind. so do to mention done the question about

the universe and every thing. usually answer. well then give it here to the answer to almost everything we're documentary series with carver and the ground to breaking questions going to be after life dumber and for a series of saving the world. 2 questions for the present future and hands filled with the ideas. 2 then when we learn something, the hardware and software of our brain changing scenes. so it really for the brain up there for the, to the answer to almost everything this week on the,

your, what you need to be in is coming to live from berlin. thousands are main missing in libya, days after massive flooding. it will be in government ministers. as he fears the death toll made double with more than 5000 bodies already recovered. much of the city of dana is destroyed for trend for rain caused to damage to burst. also coming up and the show. north korea's comes on and pledges all supports and mosque out. during talks with the russian president vladimir putin in russia's party.