tv Business - News Deutsche Welle October 19, 2023 8:15am-8:30am CEST
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in i'm will not be tolerated. know the focus for jamming lawmakers is trying to defuse the situation here on the streets of bell lynn and elsewhere. and basically turning the folks to what can be done to protect security around the senses of jewish life. matthew, thank you very much. our correspondent, matthew moore. there or you're watching dw, and there's i'm terry martin, thanks for being with the practices and stereotypes still shapes the west views of africa. how do we change this? adapt filmmaking rates, which comes with these creations together, they exclude the contradictory nature of the 0 century as a teenage girl. and how these police can be changed.
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the start filming us, the plea from the perspectives, thoughts, october 21st on dw, the, the china posts faster than 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 eugene ping host world leaders including a platinum recruitment in beijing. we'll get in depth analysis on how 10 years of the built in row development program helps shape china's position. and
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to huge companies pair up to work on artificial intelligence will tell you of a 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, 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 spring in dw corresponding each, unless he's joining us from type hey, each of these figures were better than expected to what do you attribute that's that's a very good question. okay. because whether it's based on the year on year or
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a quarter, and quarter 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 and 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 as we can see, like the real estate industry in china still face that, that crisis. and the overall domestic 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
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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 crisis of ever around. but now another developer country garden is in trouble. what's going on? yeah, so you said kate, a 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 september. the companies so dropped
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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 smallest, which is a 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 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 are doing paid today, gave a opening speech, and he is like emphasizing that his stands against 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
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indicating that the well should and view the development of office as posters. 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 night of putting north, 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 to buy, 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 the
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earlier i spoke to jacob gunter, a senior analyst at the market or institute for china studies. i asked him how the belt on the road initiative this mass of global infrastructure development project has changed 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 at a significant impact in the world and looking at how the b r i is shape to transfer . ready trip 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's that, that gives some options that they previously didn't have a hi. does that alternative look though 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
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credible alternatives. and frankly, if, if you're, you know, part of the global south ends, you're trying to promise here, voters inner constituents, you know, some sort of major infrastructure project. if you, you kinda 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 it 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. 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,
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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 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 delton 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
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more restrictions in 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, and not 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. um, but those restrictions nonetheless, do you have an impact beyond just the markets themselves? that have those restrictions um and in this case i expect and anticipate that is
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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 now 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. more than 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, chipped critical for military and staying with chips,
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taiwanese 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
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taiwan facility for watching with the foundation. the essentially would develop the software for this 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 its a software and update the entire fleet. the u. s. and taiwan joining hands to improve a ton of was driving and try to slow down china as advance in 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 needed, so youtube channel as well, from me and the entire team here in berlin. it's bye, take care the
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