not helpless and we'll face whatever i live will do for us. so this family heading back to afghanistan on the road ahead is full of uncertainty. just as it is for those trying to remain in pockets done. when you're watching dw nears live from berlin, on monday, can find much more news and novices and video on websites details e. com. but up next is all the latest business faces by the interest, the global economy portfolio g w business. here's a closer look out the project to analyze the fight for market dominance with dw business beyond one on 6 times to

increase. hiring t more people than ever on the worldwide in such an one. great timing question is very hard to say very difficult to find out about time on store in. so mike runs the, the closed door meeting, but the good of shape, the future of china's economy. high ranking communist party officials gather in beijing to discuss how to address problems ranging from the countries aiming properties sector, unemployment well brand new ex 1st analysis. also coming up quite decades old vehicles from the you are ending up on the street out

and this is dw business on tape ferguson. the thanks for joining me. the chinese government is holding a major financial conference in beijing and toppling some of the country's most pressing economic challenges. the national financial work conference takes place once every 5 years behind closed doors. this time leaders are expected to be discussing ways to address china is enormously invested. property sector, tackling unemployment and strength of the con, the government script on the countries. $61.00 trillion dollar financial sector. for more than this, that's bringing onto collier china, analyst of global force partners, a macro economic research firm. andrew, this meeting takes place every 5 years behind closed doors. what kinds of decisions tend to be made there? well this particular meeting is a lot more important than other meetings they've had, because this is the 1st time that she didn't ping or any leader has concentrated all economic decision making right in the center of the party system in the poly

bureau. so we're all and rather eager to find out what kinds of decisions are going to be made and that's one of the problems. it's now become a bit of a black box to figure out what's going on since the this group is lot more important that the central bank or the, the csr see which regulates the stock markets. and so we don't really have a clue at this stage of what's likely to happen. i could make some guesses, however, um, basically they're going to be doing a balancing act to try to figure out ways to save the countries turbo property market, which has been a driver of growth for the last decade. without us, we're spending good money after bad because so many property projects have gone belly up. so it's an interesting balancing act of for the economic group that's meeting. so let's talk a little bit more about that balancing ox in the property sector. we've seen the

demise of evergreens and the country garden is in trouble as well. how is the government planning on tackling this issue? well, they're not basically i, i think the attitude a cheated, paying in others is that they can't keep the property bubble going on forever. so a lot of developers are going to have to go out of business. we know anecdotally that a lot of the smaller companies have gone under. now we're seeing some of the big ones go under. i don't think she can pin cares that much about these developers of the property sector. he's desperate to move the country into a new growth path. hopefully would something sexy like semi conductor is or artificial intelligence or robots or electric vehicles, that kind of thing. but meanwhile, he's figures, if he's got to take the hit on the property sector, now he's going to do that. let's talk about another economic problem. china has us unemployment one and 5 young people doesn't have it's all we know. china has demographics problem. it desperately needs young workers to support its aging

population. why aren't the opportunities there as well? first of all, china has indulged in putting people in universities for the last several decades as a way to keep them off the streets. and unfortunately, the job creation is not kept based on the demand. second thing is in a campaign that started back in 20192020. he got rid of a lot of the gig economy companies. he cut them down to size the amazons of china. and the owners of china basically were reduced in scope and they were providing a lot of jobs for young people, not terribly great wages. and the worker protections weren't so great. but at least it was something for people to do. and he's gotten rid of that. now there's a shortage of capital, so a lot of small businesses that would be shipping goods overseas or doing small you guys for christmas, for americans or british is they're having difficulty getting enough money. so a lot of the small. busy businesses are running out of funds, so it's, it's

a tough nut to crack, particularly given that he's doubling down the state system, which is really helping anybody this doubling down you mentioned, is this simply all about control, or is there a genuine economic strategy behind i? i think that it is partly economic strategy and partly control. um, i don't doubt that he's a true believer and in communism in the state sector, he kind of grew up with that in his model. and i've been told by people that that's the way he thinks, if he's going to, if you're going to turn back to your grab bag of ideas, state state industries is the way for him to go. so we spent a lot of money into big semi conductor firms that are government own, that unfortunately are fairly inefficient. so he's, it's slowing the pace of migration away from property. and that's what really worries me because at a time when the airplane is slowly starting to fall, he's,

he's increasing, he's putting his foot on the gas to make it fall faster onto collier there. and you can watch the full version of our conversation on the dw, easy to tunnel, to distinguish china. we've just been talking about some of the country's most pressing economic challenges, but one area in which it is leading the way is in electric. hope it. let's take a look here to insurance and assign them to a profound public transport transform ation is under way. china is the world's top carbon emulator. boosting electric mobility is one way to address the problem. in general is the 1st city to eliminate these of buses, opting for a fully electric fleet. back in 2017. these passengers are at the forefront of a pioneer in shifting public transport. but she beckoned driving. his electric buses is incredibly comfortable. the intelligent system has enhanced every also it's simpler to operate and more environmental or friendly and to reduce noise levels are not simple. it's

a marked improvement. sion janet style blazing clean public transportation move set a benchmark for other chinese meant to port a sense amy to transition that your public transport systems entirely to electric by 2025. but china is still an outlier and clean transportation. the country accounts for over 90 percent of towards electric buses and truck fest for 2021 data by international council on clean transportation. however, besides the environmental benefits of stringent electric bus network, it runs with a solid consistency with buses taking minimum amount of time to recharge. this is what we did remaining 20 percent charge. honestly, it takes roughly 90 minutes to fully to charge the buses to yeah, there's a window, you know, the visual with the transition to electric buses present it to an issue. challenges from unfamiliar technology to ensuring adequate charging infrastructure has

a limited range. according to the engines, public transport offer shows the buses not match the performance of their decent predecessors. at the beginning of the summer, with step by step, solve the problem. now we can say we almost have the same technical performance of our buses compared to the the buses. in the past, these electric buses are produced by b y d headquarters in the same city. china is rising electric vehicle giant showcased a significant growth in the chart quarter of 2023 for developing a 2 per cent increase in profits compared to a year earlier. sion janet jones formation into a beacon of electric public transportation set, 2nd pending precedents. it offers a glimpse into a future where organ mobility and environmental protection can core exist. now to

some of the other global business stories making news, british energy giants b p has posted a lower than expected process of $3300000000.00 in the 3rd quarter. the companies ness earnings were done from over a $1000000.00 in the same period. last year, and the company for a significant jump in profits after russia invasion of ukraine, a mess i own platforms, facebook and instagram are launching paid subscriptions in most of europe that will remove from the platform. the option will be exclusive to people in the u. europeans, economic area, and switzerland starting in november and albania, one of the poorest countries in europe 5 as car ownership remains relatively low, but things aren't changing fast. decades old cars generally imported illegally from the u. r. no, a common slice on the roads aging. second hand cars are still chugging along the roads of albania. officially,

e u emission standards requirements prohibit the in portable vehicles, but that doesn't stop agent 2nd hand cars and taking to the streets. on the outskirts of the capital toronto, this dealer selves imported cars from germany, italy, and switzerland. his prize offering a mercy. these 500 su, manufacture, year 1985. a 37 years of age this old time, or shouldn't actually be sold anymore. old cars generate a lot of air pollution. the commercial inspections need to become more systematic and now these, the lawmakers must also come up with a functioning inspection system. they should also include penalties for those who violate the laws. the emission standards are regular. however, that alone won't solve the problem. we really need a chain of inspections for old cars and their emissions. old cars are mostly driven in rural areas where inspectors don't appear to scrutinize

bothers inspection stickers too closely. farmer battery areas car has already covered more than 250000 kilometers. he bought it for the equivalent of 800 euros 12 years ago. he doesn't even have an inspection sticker. it's not necessary once he's only driving within the community or in the fields he reckons for its part the government assisted it's made great strides and controlling traffic and air pollution. a new inspection center, the largest in the country, was built in the capital. okay. or the impact on that the in practice, it is about pop euro for standards for used cars and euro 5 or euro 6 standards for new cars with 0 kilometers actually being registered here with the 1st time where the bar headed the registration authority admits. however, the rules are not uniform, the enforced options, the countryside. people are quite pleased that the police aren't everywhere. farmer

barry goes to his spare parts dealer. this car should keep running for a long time. sammy saab, who is the head of the family business. he starts everything used car owners around here need roman book here. we're now pena, we have a problem with poor fuel quality for old cars. do not pollute the air. no, not the tall. i know this because i'm an expert in this area. maybe a couple of america, but i, i love my car. however, he knows that the year of old cars and albania is slowly sputtering to a halt. but he intends to keep the business taking over as long as possible to on that ross so far. so from where you can always check i d, w dot com slash business for on the news youtube channel as well. from me on the business team here in berlin. it's the by sticker, the

go now the highest organic standards, and that's the here in africa. the safety is training his fellows, gone in 5 hours by agriculture give them access to global organic export market. it's a pioneering project, but also combat climate change. the code for the next on d w. no simple way to substitute direct to oxford. and my dear travels along with him as a back to a young country that has known almost her family's history is inseparably linked to the struggles of freedom and the desire for peace.

in 45 minutes on d w. well, the in progress pop calls to everyone who wants to know more about the topics that concern us about the stories the on the headline world in progress. the w talked cost. the for those of us who leave in a c t's might think that most of the world ease has over bought in font house of the us had the 2 blonde eas i'll be called to old. that loans is use just for his food for people and for the animals know think about that. welcome to eco africa. i

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