of catastrophic flooding in a cynthia thousands more on basic. and time neighborhoods were swept away in a number of coastal towns in the city of den. i have a heavy rains close to them to collapse. and just a beverage dropbox will have you with the w business updates and then we move. well, here's the top of the the words people have to say that's why we listen because every weekend on d w. hey guys, it's evelyn charmaya. welcome to my pod cast. last matters that i advised, celebrities influenza had experts to talk about all playing loved data. and yet

today, nothing less the south. all these things in more and the new season of the fuck. com. make sure to tune in wherever you get your thoughts costs, enjoying the conversation. because you know it's love matters. the v you set fits sites on china's cups. price call make, cuz the commission president was still a fund a lie and has amounts and investigation into whether paging is i'm sadly, subsidizing its electric car industry to china's economic problems make it more or less likely to and they tie one will look at contradictory claims how's the us state of the business on robots in berlin. welcome. d. u 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, joining a space 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. 4 the insight in our market. we do not accept this from the outside. but we can now speak to greg with sebastian from the mccade or institute of 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 street say over what sort of impacts are 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 by 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 only eating up in china, also markets, but it's also he to 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 badging. so the you is now proposing to investigate the executive sources that could be impacting the market. what is quite likely to be found is that a chinese produces was trying to place companies who shouldn't forget that there's also phone companies like tesla for being 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 of 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 lounge for support when it comes to innovation activities and finally signed that has taken protective measures to also shield its own by credit card companies. lexia tail will be what the, the jaime impactful in the 2nd to from phone competition. and all that is going to be investigate into cost funding. and it's obviously helpful for a chinese comic is that they can sell that costs for cheaper than then your, if he's been in the document, the china is just doing a better job of nurturing it's electric cost back there. cuz it seems to be just a step ahead of your comic because on this. so i think it's the both you are you completely right. so i just call mike as on it's free 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 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 have seen 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 is 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 to china's economic lawyers make it a more likely that the country could invade, ty, one or might 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 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 it and makes an invasion less likely. in recent years, china's ministry has stepped up its activity around the taiwan, which paging claims 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, way to what can be attractive or 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. some ex, thursday, china can become more aggressive and dealing with your 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 frequent high use unemployment rate and look worse than the property market slot 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, job items said it shouldn't be the other way around. they claim the chinese leadership can be busy dealing with it's economic 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 taiwan. there will be massive st. could extensions from

the west. and so there heard 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 ethics 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's in making induce parental authority is have audit apple to wholesalers of the iphone 12 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 and 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, the state of hippies, nuns, and hike as and germans are known to controversially with them occasionally with white socks. now the world's best name send omega, is taking steps to mock 250 years business by selling buck and stocks out there that you haven't company it has filed for an initial public offering in the us. that with value would have more than $8000000000.00. that is no mean feat for a company that only began selling there in 1966 after want me to discuss with them on vacation. i'm beginning pushing them just in time. so the, if you move so from the end of business team here in balance, and we'll have to p w dot com slash business to next time the

securing evidence to convict the changes in south africa. poaching is the business with millions of heroes often remain undetected that has to end so ranges are now being trained in forensics. turn snow to play to global net on d w the using the ocean as a giant battery and the deepest rocks on earth as a heat source. exploring new frontiers of clean energy, finding out what works and what doesn't. yet, testing new technologies in germany, looking for break through made into in 16 minutes on d, w. these places in europe,

a smashing step into a bold adventure. the treasure map for martin globe trotting discovers some of us regular bragging sites on youtube. and also the question is, there's probably no place on earth that won't be affected with some of what we already know for sure is that will see desertification stretching from argentina to the american midwest. the world is losing its force and false. a result of wildfires looking it's kind of change under the trees go the animal species we're seeing of a mode as a terrorist and oceans with voss dead says without any marine life, we can still change things. but what would it cost.