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tv   Business - News  Deutsche Welle  November 29, 2023 12:15am-12:31am CET

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a big question mark still lives as of what will happen next year. and you're up to date, but to stay tuned. dw business is up next after a short break. and don't forget there's even more news on our website. of course that's dw. com and you can also find this on social media where we're at the w news . i'm here until berlin. thank you very much for joining us. the . let's see chris live. you discovered new adventures in 360 degrees and explore fascinating. both heritage side dw, world heritage, 360. now sometimes a seed is all you need to allow big ideas to grow or bring an environmental
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conservation to life with learning facts like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge grows through sharing, download it now for the dealing with the risk of holding its 1st supply chain expo. china says, and once closer trade dies with all countries. what's behind that will get an expert's view. also coming up, residence in malaysia as i'm finished, forrest city are fearing that's the problems of chinese developer. country garden, full of devastating consequences for them. and we'll go to lee and show you why the
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try bread train could revolutionize regional trends. i'm chris kolber. welcome to the program. china is trying to congress the impact of western countries reviewing and reducing their exposure to the world's 2nd largest economy. speaking at the 1st ever china international supply chain, expo premier li chung said that china oppose this what he called the coupling event is basing slater's bid to attract for an investment which has fallen to historic close. recently, over the past year, the united states and the european union have introducing their dependence on chinese suppliers and cutting off chinese firms from sectors deemed sensitive. let's have a listen to what the chinese premier lead. so have to say. well, i mean, yeah, and we're willing to work with all countries to build a closer industrial chain and supply chain partnership with will deepen
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international cooperation with practical actions in what you want for more or less bring in guido khaki or professor of macro economics at st. gal and university in switzerland, rock come to the w, agreed on. so lead sharing says china one's closer, a supply chain ties with all countries against the backdrop of the chinese economy and how it's doing. why does he say that now? but certainly the government decided to revive, you're going to be a good us in china, which is still going on, but still not the not to be set on the below capacity. well, i think part of the previous car had problems, but also for the product. the crisis which basically heat domestic demand and spread in security. so now the types of stimulated at the moment, uh, there are only advantages and extremely low inflation, which actually is on the verge of the proration and with the minus the 0.2 percent a year in year and out. so i know so we growth, however, you know,
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so there is room for an over for expansion or the product is, but they need to increase the demand. since they're not, they're not the domestic demand is not moving. they tried to up the rate for in demand. yeah. so china is, uh, economy has been producing a somber data lately. how much or that can be attributed to western countries, re thinking they are china ties. but started on that, you mentioned the, the i draw up and clearly the foreign direct investment properties is a lot deal on our attempt to friends showing rather than you know, off shorting. so because we know this, you'll probably be good programs in china has several of these also because the read some because position with russia. so now, uh, foreign friends, especially from the west, i wondering is it really worth while to invest in china? and so they're one of our friends there,
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or shall we think all reassuring from china may be moving. that's where 2 companies like india are, which are more, you know, friendly to the west. china ones, more foreign, direct investment at the same time. and lead sharing says that china oppose us protectionism. what are we to make of that to visit? this is true to one extent, found the other sense that there are soft forms of protectionism. take, for example, the opposite about systems in europe and in china. okay, and euro, we, europe, that we tend to be leaving the single market without stages defense as much as possible in china. they have really subsidized their friends. so this is a commercial system. and then we can say that production is in many ways in french, in the system. so unified to close an eye on china as practices are subsidizing their freedom. so also in the, in, in the electoral di, for example, or in the likely got industries. and this is the, and we can close the i only if we can count that they would not support the russia
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for example, which is way you were at our doors. guido costs the economist at st. galyn university. thank you for your time. ok. of the image or as the china as housing sector, and this economy as a whole has been the cash strapped property developer, country garden and exactly about his troubles stretched beyond china's borders. just take malaysia where it concern his growing that the country garden level a band and a major, unfinished building project. you don't use the argument us reports. is this a green, futuristic metro pulse or a gold stone? literally built on send for city is located in jal hor, state and southern malaysia. so far it's a city without people a huge $100000000000.00 residential project was built entirely on an artificial island. just a stone's throw away from the expensive real estate market of neighboring single
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port games to house 700000 people by 2035 river street cross the for preston. okay, click off the interior and general mean close late in the other thing. okay. this malaysian pensioner who wants to be referred to as mr. limb is one of the few residents. he bought 2 units from chinese investors after the public learned that the private chinese developer behind for a city country garden. i'd run into financial difficulties many 1st time buyers wanted to sell. so far. the majority of the 28000 apartments that have been completed and for city have been sold. but hardly any of the owners have to move in . mister lamb is confident that this will change with the expansion of the city. give a 60 percent on by the front of that and 40 percent actually, i mean that the on by the general i mean that the local government, right, including the suits on is not totally on my end design. and so in that sense that
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means that they feel that this one is still quite have potential. so it definitely does to get well, i mean being met the key with wilmington, wherever you go in for a city, you will come across the dozens of gardeners. but most apartments are empty and seem to be nothing more than an investment for buyers to your more residence to the island. and tie area has been declared a judy for yourself. but experts say, this is not enough for city needs to attract people. one to live there is no people who are being this know the month plus a city i many the know how much that you need on know a shopping mall and know retail, we're good or people with the city then it should be as incomplete. we thought people look at night reveals the problem to stimulate more economic activities. the malaysian government announced a plan to create a special financials on in for a city. this tower is reserved exclusively for companies generating jobs that the
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local population can be a radically profit from. well fuzzies, google media because it attracts the investment from other countries rising up all time. the asian country wasn't there, not even the it would be a shame is the place has to close down and the me, i come here with the children and it's nice to play here and i would, i would not mind the real threats to the inhabitants of for city is not in the country garden, is kindly among the world's most indebted developers. so far, only 15 percent of the dream has been realized. much more investment is needed to keep it alive. and not to some of the other global business stories. and they can use chinese fast fashion dry and 10 has confidentially filed the republic in the united states. according to her voice. the move wouldn't make it one of the most valuable china founded companies to list in new york. that remains unclear whether the fashion giant has received clearance. the needs from china is authorities to go
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ahead with an offshore list version atlantic us loan, the 1st ever passenger jet, powered by a 100 percent sustainable aviation fuel from london to new york. the boeing 787 slide is a step towards a low carbon future for our lines, which are banking on fuel made from waste to reduce their emissions by up to 70 percent. to try and travel is known as one of the most environmentally friendly ways to get around. in reality, that's not always the case. half of all trains in europe still run on these and electric trains are much more sustainable. but electrifying lines takes time and money and isn't always practical. so the solution? well, europe's 1st battery power train use big mass reports. the future of european reach, you know, transport has arrived in it to the in tuscany. a battery power train is up and running. the blue stripe,
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it's the normative projects because it's the 1st the tribe trade in the world able to ride and on electrify section is let trade, but also as a diesel or about 338. and so you'd have to fall into space and peace though. yeah . in northern italy, michael sachi and his team, while behind the development supported by the company's headquarters in japan, almost 40 trains have already been sold. let's go out, let me the introduction of the, of the box 30 together with the diesel, was the somehow the is up to technology use the just from the allowed to reuse the fuel consumption. the train has a slightly higher upfront cost. lots according to the top sheet that is likely to be accounted for during its life cycle. since it will say it's about 50 percent of fuel. the batch reset charge during the journey, similar to the hybrid electric call, whether it's electrification on the trucks. overhead cables are used to at the
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moment a diesel engine is still necessary, but not for long. in 2013, approximately 3000 new 3 and for about 3 or we the and hybrid solution we'd be uh, replace on the market. so we have a solution all the hybrid, the we are developing the solution and ready in a more than one year suite. the the for about 30 trains in rural areas like tuscany . there's literally overhead electrification. it's too expensive. it's the same old across europe. bergosa and derenzo is about an hour away from slower. most of the trains here, old and fighting. but for a few months, the new blues try and has been running here to the passengers noticed the difference and more the bad. so add to these trends a very different than their most stable. so if you have a very good impression of the child. many, in fact off the my, these types of died. strain is more comfortable and it's always on top.
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on somebody in the passengers have also noticed that the new train is more environmentally friendly. just this autumn, that's being heavy floods in the region that what attributed to the climate emergency. we believe that in the medium term with about 30 is, are the best answer to the needs of a reduction of the pollution and the reduction of c o. 2 competitors like siemens and also experimenting with hydrogen technology. in any case, in europe, the days of purely diesel power trains could soon be over. and that wraps up our show for more check out our website at www dot. com slash business. i'm chris kolber and roland. thanks for watching and have a successful the
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alignment versus business. the gulf states a massively expanding their renewable energy, but also increasing the annual production of fossil feet. with an eye on the upcoming will kind its summit. we all can petra estates, the climate change global next d w. europe's largest house made by a 3 d printer, is being assembled in the southern german city of heidelberg and approach to building that promises to be economical. climate friendly and quick leading only 3 workers on site, or 3 d printers, the builders of the future made in germany.
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in 60 minutes on d w. we've got some hot tips for your package. the romantic code is spots affinities. check on some great cultural memorials to boot dw travel regarding the how i remembered in the past, like 20 years ago. they're like, no, but now they're here where the day of the that of the advisor, which i think it was the kind of the rest of was drawing out will be left without energy. the thought i used to live a good life. now there is no farm to plot the rivers dry. well i don't know how many good it's now and then what can we do to save all kinds.

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