believe it could take months to form a new government. european leaders are watching closely, as they fear that villagers victory could boost the similar populist ideas across the u. you're watching data, be news live from berlin. i'm having him out and we'll have more news for you at the top of the hour. meanwhile, don't forget to follow us on social media. dw news. thanks for watching the runs stuff for a robot vacuum. one giant leap for exploiting the ocean floor. cutting edge technology is unlocking the potential of deep sea mining. but this time, a research team will study the possible risk in order to minimize the we have an opportunity to get to it right before we can start environmental

activists of skeptical is this true nature conservation? well, i mean, the green washing rule will billions to be made out to pub document trees, deep sea greed stats, december 7th. on the w, the has sign off on the pacifier for its proper seat. panic leaders are making their most forceful push ships 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. a modern 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 end the countries property crisis. shares of heavily indebted develop a country garden, john, more than 20 percent on this young high 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 pdp. 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 entered price 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 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. 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 as well? i think your test. yeah. the short answer back is, i think it's a could right. i mean, it's a live 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 a, it's a wrong kind of, you know, fiscal stimulus really, i'm 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 about something which the government has the kind of political blockage. and now they

don't really want to do that on the scale that would manage 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 financing um and in a way you think better got that was like that to be able to do whatever he wants. the trouble is it either and that control is only good enough. it's actually being used frankly. and i think be 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. as georgia 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 it for a, for its 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 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 stage. 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 of something was illegal, 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. you what are your initials into the nation? a low. so foreign minister, you're connecting to accelerate from the timeline to ending this exemption. i think 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 to they culver over that or did they find 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 needed these last few months to pretty 13 of people that are able if needed, to take control over the find that so now we're 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? yeah. peaceful. the video question. do we work together with look rolling the transition from ashton to normally nation oil, which is supposed to be

a smooth transition for 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 that he's q, and if we agree on the timeline, this is my preferred option. but if luko, if that he finally decide 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 time q for the current on the european union moving forward seems like you can give that promise and commitment to k, okay, is really fighting for your 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 for later. so we'll do whatever we can to help

. okay, need to fight their 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 as spend of liquids 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 continuous 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 has him as a 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 hoping to find your model, you know, so i can see that this small distillery in the month of this comedy sign was selling whiskey globally. you know,

i thought that i would also like to make my own whiskey and sell it a wrong the world. how much to 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 cold. there's 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 at around 2000 the date, sparking intense demand, especially things to some nifty creations of the whiskey i'm drinking appears to have been from a wine cask. it has a rich wine like slightly food, a taste after drinking it. so i think it's really delicious and easy to drink,

or it's a good the say not. 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 a reminder of the top business story we're following for you with 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 bottles property sector. the move comes as giant financial conglomerate jane j says it is in solvents and that's our show for more check out. com slash business and then dw news, youtube channel cross on facebook for me and the business team here in berlin. thank you so much for watching the enter the conference with sim sebastian fix not getting the headlines these days,

but the warning ukraine has lost none of its intensity. probably a few ideas. capitol hill, hughes, my guess is the prime minister as the world goes on, how much space does she have in nature plans for defending the voltage space? conflict the next on d. w to the point. strong opinions, clear position. international perspective. ukraine's counter offensive have so far failed to show significance victories. last time, munition and financial support from the west means ukrainians are dreading the approaching. we entered this week on to the point we asked failing against russia. can you crane survive? report to the point in 6 to minutes on d. w. 12 in progress pop calls to everyone who wants to know

more about this topic. the 2nd son of about this story is beyond the headline world in progress. the w talk cost it smoke getting the headlines these days, but the war and ukraine has lost none of its intensity with both sides anxious to make games before the winter impede spent movements on the battlefield from the few agnes capital vilnius. my guest is the prime minister in good that she money say. what i think is the most to show is that the country stay committed to providing the brain with weapons with needs the financial positive needs, with everything needs the when the will as the will goes on. how much faith does she have in major plans for defending the voltage states? what about human rights and accusations with a.