it's like the old war that's really bad. the us doesn't want that. sometimes reporting from washington. thanks for that. that's all from us for now would stay with us because up next china has growth is up. but the real estate crisis is tracking it down k. ferguson has all the details on the, the way of business that's up after a short break from all of us here on the dw. thank you so much for your company. the votes, people have to say the that's why we listen to this story. we close every weekend on d, w. the the

is, it is someplace power and key, more people than ever on the move world wide and such are based on life for the types of in cardboard backs on the left side of the image and find out about bailey story. info my grands the, the china post special expected growth, the find government stimulus measures are beginning to take effect, but the countries of real estate sector remains a major concern of another big developer faces a default. meanwhile, president changing ping host world leaders, including flatten murphy invasion. we'll get in depth analysis on how 10 years of the built in road development program helps shape china's position. and

2 huge companies pair up to work on artificial intelligence. we'll tell you about the fox con on to in the videos, plans to power the products of the future. and this is dw business on kate ferguson. the thanks for joining me. sinus economy expanded by almost 5 percent last quarter are 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 help of the countries heavily invested property sector, continue to wait on the economy. to talk more about this, let's bring in the w corresponding each and leave. she's joining us from type, hey, each of these figures were faster than expected to what do you attribute this is a very, um, good question. okay. because whether it's based on the year on year or

a quote unquote, her 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 post, 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 lifetime 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 saturday. and as we can see, like the real estate industry in china still face that, that crisis and the overall, 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 and 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 crisis of ever around, but now another developer country garden is in trouble. what's going on? yeah, so you said kate country got a is now facing a huge problem. so yesterday, a trophy in hong kong time, a lot of fun holders. i told him media that they haven't received the interest payment of one of our country gardens, public salo 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 already was last week that it would not be able to me like, oh, the future offshore payments applications is set the 10th or 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 come from with margaret cold, 3rd and 4th, the cities. and if the price is 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 present teaching ping. he has been very busy at 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 chinese leaders in pain today gave a opening speech, and he is like emphasizing that his sense attends west and ask us about a couple a saying that if the will 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 viewed as development of office as so it's kind of he like his is responding to, you know, us recent decision to tighten as chip export controls against china. and also another highlight is the relation between shooting pan putting, putting, causing p, a dear friend and praise that initiative on saying that it creates like a fair well. but experts pointing out that neither putting nor 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. the pen pen divide, you know, the complex going on in the world. 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 it china studies. i asked him how the belt and wrote initiative, this mass of global infrastructure development project has changed to china's position in the world. and the past decade. not only has the significantly changed, you know, china over this period, but it's really not a significant impact in the world and looking at how the b r i is shape to try this relationship with a lot of individual countries. um that effectively china is creating. ready an alternative to the traditional western sort of partnership model and for a lot of countries that, that, that 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, 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 and your constituents, i'm, you know, some sort of major infrastructure project. if you, you can have the 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, um or maybe it has, you know, more negative environmental. ready or labor impacts, and that 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 the kind of a broadly under recognized aspect of the belts road initiative is energy. um so the one area that has been pretty well covered is um china is contribution to a lot of coal burning 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. so 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 delton road 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 as technical capacity and the telecoms and digital space into these alternative markets. what you say that they have restrictions from the west to actually play into china, favor that and, and not sense. i think they do to a certain degree. i think hallway 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 and anticipate that is going to,

to really push what they call the digital. so 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 to some of the other global business stories making news, german chemicals, company long slacks is to cut a 170 jobs worldwide after seeing a big decline and profit 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 u. s. 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 couple, it sounds like a promising partnership between people and companies. c, i to, i will, a, has this idea about collaboration on the a i, factories will work together. but the icon operation between us, chip maker in video and tie ones, fox con, is also notable for who's not included. you sign up, 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 i chips one of them,

the cutting edge of g h 200 super ship will be used at the new taiwan facility. and for watson with the foundation, the are central would develop the software for those car. nope, 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 the software and update the entire a. i flew the us and taiwan joining hands to improve autonomy was driving and try to slow down china, us 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, if you to channel, as well, from me and the entire team here in berlin. it's bye, take care. the

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more about this topic. second and as good about this story is beyond the headline rolled in progress, the w cost caught the casualties of the experts in the us to helping ukrainian m p. 's seems still only one why china is known for baby boomers failing to materialize the and the glints of gold thousands of risking their lives in the more retaining does the.