thousands out to watch tens of millions of more. fall away from home. you're wanting to know what you need. his life from berlin. i'm nicole bush coming up next. an update on china is trouble. property sector. that you for that by the sometimes it's hard to find what you're looking for. but we've got something for you, the fast fashion as an environmental nightmare. a closing graveyard image of land desert. this is where things wealthy industrial nations no longer need and the lightest textile waste gets stranded here.

all about the final stuff in the global fashion industry. fast fashion. watch now on youtube, 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 in 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 a spirit making anniversary. i mother xena,

welcome to the show. so i now 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 end the countries property crisis. shares of heavily indebted develop a country garden, john, more than 20 percent on the shanghai stock exchange. as media reports say that company is 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 fine ends, more and more projects that have now transformed into ghost towns. which threatened to shake the belief mode on the in the chinese stream, 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 of coming true on 1st day financial conglomerate, georgia into price group told, invest us it is in sullivan with the 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 as 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. and we sold that by now the market would perhaps in the bottom drops. but if it keeps on kind of displaying this kind of pattern where you get this kind of brief. increases may be in transactions, volumes, and so on, on a will goes flat to game. 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 probably right speak of efforts in the pipeline. china,

as new finance minister announced this month, the aging will also boost budget spending can expansionary fiscal policy really solve the problem? here as well, i think your test. yeah. the showdown still 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 authorized by the federal government services. so i'm 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'll help a bit, but it's really not the kind of, it's the 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 in bell

. they don't really want to do that on the scale that would match that whereas the blockage coming from well, the problem is that, uh, what we have in china is not just, i mean obviously is a government that has a lot of control, no fancy. um, and in a way, you'd think better go that was like that to be able to do whatever he wants to jump list it either in that control is only good enough if it's actually being used properly. and i think be a limited 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, or george magnus from oxford university. since invading ukraine,

russia has become the world's most sanctioned country, and the european union is among its top sanction or is nevertheless, the kremlin still raked in a 1000000000 euros for its more efforts on european soil this year. as 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 sanction 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 owned refinery and then be sold abroad, including to other e u countries. our reporter rosie bird shirt sat down was prime minister of bull guerria 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 periods will stop it by the end

of march, even starting before that stage by stage. so we want to reduce as much as possible the speed is, but this shouldn't happen with the risk. busy of exploding, the price you seen a fuel info get in so on and so forth. now about the how to say the suggestions of something was the legal something was improper. let me be very clear. everything that has been done by the refinery by the government completely corresponds to the regulation of europe, deregulation into the nation, a low, so foreign minister, you're committing to accelerating the timeline to ending this exemption. i think critics would say, we're just reacting to these recent reports, but since showing 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 to take over, over the verifying that he can, we take control. can we be sure that, that he find that he will not be used as a economic weapon against the bulgarian nicola me. so we need these last few months to 313 of people that are able if needed to take control over. did he find that? so now we are it almost the 3rd to do it just a few days, few months ago. it was absolutely impossible to think about this. so no, it's, it is not the action of the, of the report. 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? yep. this was the video question. do we work together with look, rolling the transition from a nation to moment us and file,

which is supposed to be a smooth transition? for there is a need to jump into the control that he finally and they control by, by the government. i think the 1st is less that he's key. and if we agree on the timeline, this is my preferred option. but if luko is that, he finally decided to acting the weird way, then we shouldn't be able to take control. there's a lot of discussion i within the european union, i think whether support is waiting can key or if we're the time on the european union, moving forward to anything you can give that comments and commitment to k, okay, is really fighting for your i mean, if we allow, we'll 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 there, but the light coves, primitive serve 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. not good news. distillery is one of the new kids on the block. he had been running a small manufacturing company set up by his grandfather. but yeah, and to do something more creative and the phone inspiration on a visit to a disability in scotland. i think that the home bundle or the strike when i saw an actual disability for the 1st time. i was impressed by how the amazing it was hoping to cite your model. you know, so i can see that this small distillery in the month and this company 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 to me, thank you for the way 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, 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 bolts and blended whiskeys started rocking up international awards around 2008, 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. what started 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 with us. our stocks of chinese property developers have surged after paging draft to the list of 50 real estate firms eligible for aid. it's an attempt to support the bottles property sector. the move comes as giant financial conglomerates and a says it is in solvents, and that's our show for more check out dw dot 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 cranium who is being treated in germany. though the care of those wounded in the will was guaranteed gym. and also, as he's all hopelessly overwhelmed and without the help of volunteers, it would oh for the past. focus on europe. next, on d. w. to the point. strong opinions, clear position. international perspective. ukraine's counter offensive has so far fails to show significance victories. last time your nation and financial support from the west means ukrainians are dreading the approaching. entered this week on to the point we asked, failing against russia, can you crane survive the poor to the point in 6 to minutes on d w. we've got some hot tips for your package that

romantic code is spots affinities. check on some great cultural memorials to boot w travel. we got 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 the 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 demoralize.