150 seats. so this could become the country. so the 1st follow, i mean is that if he can form a governing coalition, that's it from me and the new steam. uh for now i have an update for you at the top of the coming up next, an update on china's troubles corporate to set that web page is trying to do to fix onto the bid specs for the actually we don't have a choice. so we have little time list to save the product. so we have to do what we can as fast as possible. we only have one generation left just 25 years to increment the greatest revolution since the tune of the industrial age . replacing fossil fuels with renewable energy around the

world without exception is a global energy to information really cost of the food as well. or is it for our 2 pot document trees the renewables, whether this starts november 25th. i'm dw, the has sign off on the pacifier for its property. panic leaders are making their most forceful associates to end the crisis. we'll ask an expert if an end really is inside our europe, sanctions against russia. an effective, we speak to various prime minister about the loopholes that are in the kremlin millions and whiskey in the jar for 100 years. japan

celebrate of spirit making anniversary. i mother xena. welcome to the show. so i know some debts written property sector has been at the center of the country's economic problems. but this week property shares have searched the boost comes after chinese authorities put pressure on state banks to speed up. lending to developers. authorities began drafting a list of 50 real estate firms that would be eligible for a range of financing, as the most forceful push. yes to in the countries property, crisis. shapes of heavily indebted develop a country garden, john, more than 20 percent on the shanghai stock exchange. as media reports say that companies on the list of real estate funds eligible for increased financial assistance by the government. and the chinese government called on banks to increase loans to the struggling construction sector, which constitutes

a quotesoft, chinese gdp over the past 2 decades. real estate developers like about ground that had enjoyed rapid growth, creating millions of jobs. fueled by the expectation that the building frenzy would persist. they took on substantial debts to finance more and more projects that have now transformed into ghost towns. which threatened to shake the belief mode on the in the chinese dream, but also the communist party. the government fee is that the troubles of the property market will spill over to the financial sector. the fee, a coming true on 1st, a financial conglomerate charger enterprise group told invest us it is and saw event with a liabilities of up to $64000000000.00. you too, it's heavy exposure to the chinese real estate sector. joining me now is george magnus. he's an economist and a research associate at oxford university's china center. thanks for coming on. george. china's property market is a big part of its economic slump story. this push for financial support. is that

going to help or is that merely a drop in the bucket? as well, i think it should help to stabilize things. i mean, having said that, we thought when measures were being announced in the last 2 or 3 months i'm recorded, she was being made available, and banks were being directed to land to property developers. i mean, we sold that by now the market would perhaps in the bottom doubts, but if it keeps on kind of displaying this kind of pattern where you get this kind of brief increase is may be in transactions, volumes, and so on. and then it will goes flat again. so um, yeah, i mean it, this is just going to be the latest efforts to try to stop the market and sales and construction investment volumes from continuing to decline. and we'll just have to see what happens. there's not much demand out there, which is the problem,

right. speaking of efforts in the pipeline, china, as new finance minister announced this month, the paging will also boost budget spending can expansionary fiscal policy really solve the problem here? well, i think your test. yeah. the children's to values, i think it a could right. i mean, so they were announced a program of about a trillion guam, which is about point 7.8 percent of g d, b. and a authorized by the federal government service is going to be more investment in infrastructure. and uh, you know, social facilities also be lending to the real estate sector as well, which will, and it will help a bit. but it's really not the kind of, it's a wrong kind of, you know, fiscal stimulus really. the fiscal stimulus and the china really needs a, quite a lot of is the kind of stimulus that's going to the household consumption. and

that's something where is the government has the kind of political blockage and now they don't really want to do that on a scale that would mindset. whereas the blockage coming from well, the problem is that, uh, what we have in china is not just, i mean, obviously it's a government that has a lot of control. no financing. um, and in a way you think better go that was like that to be able to do whatever he wants. the trouble is a, you know, and that control is only good enough if it's actually being used properly. and i think bi limits the nature of the policy i'm. it's objections to consumerism and welfare isn't as we would understand it and they run quite deep. no, i'm not saying it would never change, but certainly i'm decision paying. it seems very unlikely that they will do this voluntarily. george backing us from oxford university. since

invading ukraine, russia has become the world's most sanctioned country. and the european union is among the top sanction or is nevertheless, the kremlin still raked in a 1000000000 euros for it for a, for its on european soil this year. that's according to a recent investigation by several non profit groups, including global witness. it concludes that russia is making use of loopholes and they use sanctioning rules and one member states in particular, brussels had permitted bulgaria to continue importing russian oil to support us energy security. but recent evidence suggests full guerria allowed millions of oil barrels to reach a russian on refinery and then be sold abroad, including to other e u countries. our reporter rosie richard sat down was prime minister of bulgaria nichol. i then called and asked him when this loophole would be closed, as we have of the season. so instead of continuing until the end of the next year,

which was the additional initial that'll give some period, we will stop it by the end of march even starting before that stage by states. so we want to reduce as much as possible, dispute is, but this shouldn't happen with the risk. busy of exploding, the price you seen a fuel info get and so on and so forth. now about the how to say the suggestions that something was illegal, something was improper. let's me be very clear. everything that has been done by verifying that a by the government completely corresponds to the regulations into the nation. a low. so foreign minister, you're connecting to accelerating the timeline to ending based exemption. nursing critics would say, we're just reacting to these recent reports, but since shown really the scale of just how much money russia is getting through this. so i would not agree with this. so what happens is that when we entered the

office, we checked, we have any, any of that in this, if something happens that they cover over that or did they find that it, can we take control? can we be sure that that he find that he will not be used as a economic weapon against the boy get in the calling me so we needed these last few months to pretty thorough teams of people that are able if needed to take control over the find that so now we are it almost the 3rd to do it just few days, few months ago it. busy was absolutely impossible to think about this. so no, it is not the action of the of the board. we needed this time to be sure that we are ready to act if necessary. and are you really ready? because i'm sure there are plenty of full gains that are concerned, but what the impacts might be on the economy. how are you going to cushion the blow your peaceful? the video question. do we work together with look,

rolling the transition from adoption? so normally, russian oil, which is supposed to be a smooth transition, or there is a need to jump into the control that he finally and they controlled by, by the government. i think the 1st is less the sky. and if we agree on the timeline, this is my preferred option. but if luko is that he finally decide to acting the weird way, then we shouldn't be that they control. there's a lot of discussion i and within the european union, i think whether support is waiting can key or for the time on the european union moving forward, do you think you can give that promising commitment to k, okay, is the, are the fighting for euro? i mean, if we allow, will continue to fail, then this creates that he'll try it for the companies that are on the eastern part of, of, of you. if we save money today,

it could become much more expensive right there. so we'll do whatever we can to help. okay, need to fight the button because i didn't cove apartments for full care. thank you so much for speaking to data. please. my pleasure and on a different note, spend liquid sunshine and it's been around in europe for over 1000 years. whiskey this year. so loved liquor a celebrating a special anniversary 100 years ago. it started being produced in japan, a typo knock, a numerous distillery, is one of the new kids on the block. he had been running a small manufacturing company set up by his grandfather, but young to do something more creative on the phone to inspiration on a visit to a disability in scotland. i think that the home bundle or the see like when i saw an actual disability for the 1st time, i was impressed by how you amazing it was all the time. yeah. model. you know, so i can see that this small distillery in the month in this country side was

selling whiskey globally. you know, i thought that i would also like to make my own whiskey and sell it around the world. how much me thank you for the oil in order to set this product to parts. he had an idea is just woke. a distillery is the only distillery in the world but still heat 6 whiskey? the old fashioned way, with a wood fire. instead of using gas or coal, there is no more than 100 license distilleries in japan, but for many years they were dismissed as inferior copycats of scotch. that's all changed when japanese single notes and blended whiskeys started rocking up international awards that range 2000 the date, sparking and tens demand especially things to some nifty creations. the whiskey i'm drinking appears to have been from a wine cask. it has

a rich wine like slighty food to taste after drinking it. so i think it's really delicious and easy to drink. always a good this the say not the live. what start to just a century ago has become a global industry. japan is know the world's 4th largest whiskey distiller. come pie. and the reminder of the top business story we're following for you is us. our stocks of chinese property developers have searched after paging, drafted a list of 50 real estate firms eligible for aid. it's an attempt to support the battles property sector. the move comes as john financial conglomerate jane j says it is in solvents and that's our show for more check out. com slash business and the dw news youtube channel cross on facebook for me and the business team here in berlin. thank you so much for watching the

tackling the role chrissy together. angela is a volunteer who is a slot is an engine into training who is being treated in germany though the care of those wounded in the will was guaranteed gym and also as he's hopelessly overwhelmed and without the help of volunteers, it would oh for the past focus on europe. next, on d, w, the listening place of the mediterranean its most is convex. people of many cars and most of us and

jeff are up to coming to us during motor in last styles and committed to a name where he left his trace meeting during the dream mediterranean shani this week dw, the, this is focus on europe. i'm lara babel welcome. the days are getting shorter and colder and winter is just around the corner in europe for many people in ukraine. it's an unwelcome change of season with drones and artillery. russia is targeting ukraine's heating plants and power grids just as they did last year. the attacks

are an effort to do more life.