is the progress china as property crisis, could spill over to other asian countries and hold back regional growth according to the asian development back. it says a face, a significant headwinds. if the chinese pump the market, the tier, it's further any original growth will be boiled by salt asia, largely thanks to a strong public investment climate india, the abs 202020 the growth forecast by 0 point one percent to 4.7 percent. and it has maintained disclose, outlook for next year at 4.8 percent stores and returns to free pandemic levels in many asian countries. earlier i asked the asian development banks, chief economist of the park, how much danger and babbled the chinese real estate companies like ever brand or country garden proposing? one of the concerns is that because a lot of households wealth is in the form of housing, we're starting to see price is actually fall into your 2 and tier 3 cities. and

that could make people make consumers feel less wealthy and could then start to affect their consumption. and so this is why it's a concern. the chinese government is trying to avoid rescuing the property sector by injecting lots of acquitted the, as it has done earlier in earlier periods because they realize that they need to get to a more stable kind of healthy or property sector development path. but that's going to be a kind of a tight rope to manage. and so we're seeing them struggle to do that. more recently though, they seem to be re. busy wise and they need to be a bit more aggressive in providing some new measures to um, stimulate demand and to support developers. so i think we'll see some response to that. and hopefully they'll be able to manage kind of a soft landing in the sector and return to more modest contributions of the property sector to growth going forward. albert,

a decline in private consumption and private investment due to wells and confidence effects of stemming from the problems on the housing market. aren't we right in the middle of that scenario or? well actually, if you look at the data consumption and incomes in china, they were pretty robust in the 1st half of the year. but of course, china is also been struggling with the diminished external demand for its exports, which has really led to a struggle in the manufacturing good sector. we're also seeing some sick or cold downturn signals, height, youth unemployment, for instance, reduced imports, which suggests that, you know, demand has kind of shifted more to service, is post pandemic, which is kind of a normal pattern. but it means that if china is importing less goods and in particular in electronics and manufacturing in machinery, we're seeing that happen. that hurts other countries in the region also because

especially the high tech ex borders like korea type paid china singapore are exploiting a lot of electronics and machinery to china. and so it's contributing to the slow down in those economies as well. let's talk about that here. for, for a 2nd, i mean the asian development bank of servicing more than 40 countries in the region . so which ones would be most impacted should things on the chinese housing market go down, go downhill further. when you kind of do a study of what happens if there is continued decline in real estate investment, if you look at what sectors are affected by that slow down in property development, obviously the construction sector is going to be important. some financial service sectors, some other manufacturing sectors that produce inputs that go into housing construction and refurbishment. and it turns out that the countries that are most effector of

those that are exporting minerals and raw materials to china that are used in the construction sector or in the materials that go into construction. so mongolia, for instance, which exports a lot of coal, some iron as well to china. they actually, that country economy would be relatively more affected, taipei, china, also a relatively more effective, but the effects are not huge. and overall, when we run this analysis through all of the supply chain linkages in which country is the goods are coming from. we find that, you know, a modest downturn uh, in the real estate investment. it doesn't have a huge effect on growth in the rest of the reason through that channel. i think the channel that is more considering is if a, a significant decline, the real estate sector leads to kind of a much broader loss and confidence by consumers by investors. and those could have

a broader effects, or that was our park chief economist or the asian development bank. and you can watch the entire interview on the dw news youtube channel. now stay in the region, u. s. companies are less optimistic about their outlook operating in china. does, according to a survey by the american chamber of commerce and shanghai, the pol showed a continued downgrading of china's importance as an overseas destination for investment. even though 2 thirds of the $325.00 companies responding said they have no immediate plans to change their china strategy. so it's on hand in taipei can tell us more. so why is us confidence in doing business in china falling for you. in fact, at the beginning of this year, the us was optimistic about doing business in china after the agent took various measures to lift the covey 19 restrictions. however,

the reason economic data release have made them very on easy. the only did china's economy not rebound, as expected, of the 3 local motives of import and export consumption and investment for a week. so with the lowest use unemployment rate and the cover up afterwards and china as well as dates giants and financial crisis, china economic outlook is simply just not good and us, this is a facing more uncertainty. and the same type occasions between china and the us are running higher and higher. it's only natural that there is showing the effect in the us a confidence in doing business in china is falling as this having any real world consequences. i mean, is there less investment? are companies relocating? so yes, of course. all the slow down in china is economic growth. rec, regulatory uncertainty intentions with other countries. i've left to a sharp decline in for an investment in flows into china, and the last 2 quarters, the total for indirect investment of china,

what s it's the lowest level with global investors interest in china cooling and supply chain is continuing to ship south, east asian comp, countries, economies are expected to overtake china in total forwarding, direct investment next year. and regionalized nation will continue to be a trend in politics and policy making. just stop for an investment to india will also extend unsteadily over the next 5 years. so it's having some real world consequences, dw correspondents, thoughts on hand and ty paid. so thank you. and now to some of the other global business stories making news. last month, china exported no germanium or gallium products which are essential for semiconductor production. badging announced that would impose exports or sections in july over and straight dispute with united states under the new rules. chinese export owners of germanium and gallium proxy to obtain a special license from the authorities. auto sales in europe are up to 21 percent

in august marketing. more than a year of study monthly improvement. the biggest growth sector is electric vehicles where a sales have doubled a year on year. many of these, however, have been sold by chinese automakers like b, y, d and have likely benefited from but the u commission calls illegal subsidies. the u. k. and frasier and unexpectedly fell to the lowest level and 18 months. consumer prices were up 6.7 percent of august compared to 6.8 percent and previous months. that res, prospect that the bank of england paused hiking interest rates at this meeting on thursday this time now which is right. 9th, in the global climate risk index. 2021, a nation's most affected by extreme weather events in china. province. the over exploitation of groundwater, coupled with climate change,

has put age old cultivation methods of growing rice and risk green fields. i would rise from a boomer at home. john wouldn't normally 3 months old you this is the wrong shade of green. we have overgrown the rise funds in this field in china province in central time. so sometimes yeah, like i said, we have facing is serious drought. now, even if we use herbicides to control the wheat growth to allow the rise to absolve water from the soil, it doesn't work out. there's just not enough water hoping you may dial it. the problem is so serious that the tide government has advised farmers to switch to other crops that use less water. if they haven't started sewing water levels in thailand's major rest of us are historically low. according to the time metro logic themselves, rainfall has remained below average this year,

and it's down 25 percent nationwide. officially thailand entered the rainy season at the end of may. but because of a menu, many provinces are still facing drought. at the national center for genetic engineering and biotechnology, just outside bangkok, scientists are looking for a long term solution to the problem. right, so we write that can tolerates drought of being brought to you. we need to find a new variety of rice dealing with trout. and nowadays golf problem is becoming intermittent. in the past. you will know when drought to come say for example, at the later part of the plan stage. but this time it's not like that. so the team needs to create a planned that can handle drought, both during the growth phase and the ripper, adaptive stage to do it as the scientists are using traditional cross breeding techniques rather than genetic modification. however,

so called dna markers are used to monitor and thereby speed up the process. farmer i'm john, is also involved in the research. every kilogram of petty rice grove requires an average of 2500 liters of water. as in his test fields, this mazda is currently pumped electronically from a rest avoid quite a bit. every one is depressed because today has no rain one time the canals. we don't know how much we can have is if the government's announcement becomes a reality that rise cultivation may no longer be possible due to a new. it would be a big blow for us. but the father of 2 does not want to give up. he and his wife have relied on rice for over 30 years. the tide supply on the world market has now driven up the price from which he hopes to profit after the harvest. and that is our show. thanks for watching the

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