just 2 huge companies pair off to work on artificial intelligence. we'll tell you of i'd fox con on to in the videos, plans to power the products of the future. this is dw business on kate ferguson. thanks for joining me. sinus economy expanded by almost 5 percent last quarter, driven by strong growth and consumption and industrial activity. analysts say it's assigned government efforts to boost the economy are beginning to work. the figures didn't seem to inspire investors low. chinese stocks actually fell as fears that by the health of the countries heavily invested property sector, continue to wait on the economy to talk more about this, let spring in dw corresponding to each n lee. she's joining us from type, hey, each of these figures were faster than expected to what do you attribute that's that's a very, um, good question. okay. because whether it's based on the year on you or quote unquote,

or growth is actually performed better than an economist expected. so some experts say that it's probably because on some student stimulation policies, a chinese goss manhattan pose. for example, like it's trying to lower research requirements, an interest rates and support private sector growth. and oh, so they're trying to regulate a real estate market. so all of these have kind of helped settle life, turn those economy. and now the question is that how long this moment and it can last because there's still a lot of things that are on certain. and i, so we can see like the real estate industry in china still face that, that crisis in the although the mistakes demand is still quite weak in china. so going forward, we just need to, you know, see if this positive train can last for longer. as you turn,

you mentioned real estate is on. i want to pick up on that again because the property sector in the country remains a huge concern. we all know about the huge prices up every brand, but now another developer country garden is in trouble. what's going on? yeah, so just as kate of content gotta is now facing huge problems are yesterday, a trophy in hong kong time. a lot of fun holders are telling media that they haven't received the interest payment of one of our country gardens, public solid bonds. so the clock is ticking. and we can say that contra garden has less than 12 hours to avoid a possible default, but exercising that is the, the fund really failed to pay. it will not be a surprise because it's already one last week that you would not be able to me like oh, the future offshore payments obligations and set 10 for the companies. so dropped

by more than 80 percent. and people are saying it's not gonna look good for the real estate industry in china because most of the cells of country got in that come from a, with margaret cold 3rd and 4th, the cities. and if the crisis, brett, to be smaller cities, it means that china is pop, pop, putting market is in real trouble. this must be a huge source of concern for presidents aging ping. he has been very busy hosting leaders from all over the world for the belt on the road for him invasion. i know you've been keeping an eye on that event. what has to that to you so far? so tonya leaders in pain today gave a opening speech, and he is like emphasizing that his sense attends west and ask us about the cop away. saying that if the wall is on a good position turn, i will be the same to. and if china is good so well will be even better and his

indicating that the well should and view the development of office as opposed to so it's kind of he like his isn't responding to you know, us recent decision to tighten as chip export controls against china and also now the highlight is the relation between she's in pan putting, putting costs using p a. c, a friend, and praise the initiative on saying that it creates like a fair world. but experts pointing out that night of putting nora, she mentioned major global issues including conflicts in ukraine and gaza. so inside that, trying to, you know, keep the focus strictly on economic and building road mathis, because they don't want such an important event fee and then and defy you know, the complex going on into wells. so a lot thing left on said there as well. you to lee thank you very much. and earlier

i spoke to jacob gunter, a senior analyst at the market, or institute for china studies. i asked him how the belt and rhode initiative this mass of global infrastructure development project has changed to china's position in the world in the past decade. not only has the significantly changed, you know, china over this period, but it's really has significant impact in the world and looking at how the b r i is shape china's relationship with a lot of individual countries. um that effectively china has created an alternative to the traditional western sort of partnership model. and for a lot of countries that, that dep give some options that they've previously doesn't have a hi. does that alternative look? so in concrete terms, what sort of options do these countries actually have? yeah, well unfortunately they don't have a ton of options because i would personally argue that the united states, europe, japan and others have not been doing as much as they need to do to offer real

credible alternatives. and frankly, if, if you're, you know, part of the global south ends, you're trying to promise your voters in your constituents, you know, some sort of major infrastructure project. if you, you kind of healthy options between working with traditional western partners that might take 5 to 10 years for one of these projects to come together. and it's incredibly complex. whereas china is offering something that, you know, they show up with a one stop shop and they can do the entire project in a couple of years. and boaters are happy, constituents are happy. and so even if you end up with something that's not as good as it could be more, maybe it has, you know, more negative environmental or labor impacts. and it should, um, if, if the options are between, you know, a and b, you're going to take be with china and a lot of these contacts. i want to look a little bit more closely out some of these projects. so you mentioned innovation because when we think of by the belgian road, we generally tend to envision things like bridges and ports,

big traditional infrastructure, but it's a fact more than not as an s yes sir, it certainly is. um for stuff uh that kind of a broadly under recognized aspect of the belts. right. initiative is energy. um so the one area that has been pretty well covered is um china is contribution to a lot of cobra. things power plants around the world. 3000 right. initiative, but um, i think that a lot of the impact that received um from the, you know, the weather is transportation infrastructure, energy infrastructure. it's really about trying to use mostly say don't enterprises being able to kind of penetrate into markets and develop, you know, stronger training ties with those countries. but i suspect that moving forward, we'll see a lot more of kind of a digital and a green energy dimension. to the belt and red initiative, because not only are those areas where china is quite strong, it's area, those are areas where major chinese companies to qual,

way are running into more and more restrictions and a lot of the developed world. and so there will be a need to kind of be able to push, i'm trying to as tech capacity and the telecom digital space into these alternative markets. what do you say that they have restrictions from the west to actually play into china? favor that and in that sense, i think they do to a certain degree, i think while way would probably be much more interested in, uh, you know, building out the, the americans by g network or the japanese 5 g network. and they would, you know, some, some developing countries that maybe can build as extensive of, of networks um, just from a cost perspective. so i think if, if, if given the option um they would rather not have those restrictions. but those restrictions nonetheless, do have an impact beyond just the markets themselves that have those restrictions. and in this case, i expect anticipate that is going to,

to really push what they call the digital soap road into a lot of the global south. because that's where the export market is going to be for those companies. jacob gunter from the market or institute for china studies there. and you can watch the entire interview with him on or did you have the news? youtube channel, 9 to some of the other global business stories, making news. german chemicals, company, long slacks, is to cut a $170.00 jobs worldwide after seeing a big decline and profits, the firm which has been hit hard by higher energy costs of calls on the government to step in to support the industry. within half of the job losses will be in germany. the us is tightening export controls on causing as chips used in our special intelligence. the new measures are an update to existing rules imposed in october. washington says the cards are intended to restrict china's access to advance to critical for military and staying with chips tie

when eve, tech die, and fox con on us hardware, tyson in video say they've agreed to partner up with the aim of developing what they call a i factories the purpose of these high tech data centers would be to power next generation products such as electric cars, a sector in which china currently has the lead. young people, it sounds like a promising partnership between people and companies. c, i to, i will a be, has this idea about collaboration on the a i, factories will work together. but the icon operation between us, chip maker in video and taiwan is fox con, is also notable for who's not included china. and that's just one day after us president by further a curb us tech imports to that country. specifically banning the export them and videos advanced a items one of them. the cutting edge of g h 200 super ship will be used at the new

taiwan facility for watching with the foundation the r saturday would develop the software for this car. yup. this car would of course go through life experience extra like more data. the data would go to the factory, the factory would improve. it's a software and update the entire fleet. the u. s. and taiwan joining hands to improve autonomous driving and try to slow down china to advance and the auto sector. that wraps up i show for more you can always check out the w. com slash business. we're on the dw needs youtube channel as well from me and the entire team here in berlin. it's by and take the

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the, the the, you're watching the daily news coming to live from berlin. israel says it will allow it allow aid into gaza from egypt. us president joe biden pushed for the concession during a visit to tel aviv bite, and also urged his riley's not to be consumed with rage over her mazda is tara tax . also on the show, the palestinian health authority says an explosion at a hospital and gaza has kills me of these 500 people. how awesome blames and is really air strikes, israel and the us now say the evidence.