S, european and american exports to russia dropped dramatically after the war started. China has stepped in and increased its sales to russia. In particular, it is replacing some of the products that are subjects to europeans function or to come back to that in just a moment. But when i go back to china and as the property crisis that weve been seeing for more than a year, now, what does it mean for this region as well . The question everybody is asking is whether this property crisis will translate into lower growth structurally. So are we going to see Slower Growth in china in the are still come and did. Thats the case. That means lower demand for commodities exported by Central Asian countries. But also it will have impact on all other economies through the chinese demand for, for oil, which translates into higher or lower. Oh, process. Your report also notes. Thats more countries are importing goods from china in the chinese currency the when, why is that significant . So in our study that we have just published today, we analyze the car, i see that are used in russian imports. And whats very notable is that while a few years ago, only about 10 percent of chinese export still russia, where the nominated in you won by now its almost 2 thirds of chinese export. Moreover, certain countries are denominating their exports to russia in chinese currency. Thats a new development. So if you think about the dominance of the us dollar, it has made it easier to impose sanctions on russia. But the fact that the sanctions have cost of russia from the swift system means that in the long term, there may be some the erosion of this dillman. This of the us dollar s countries are turning to other currencies. This geo political tussle, whether its over the dollar or specific trade partners that has to be very important for this region. I would imagine there was one part of your report where you talk about the significance of europes competition with china when it comes to e. V. Cars having an effect on slovakia and hungry, i would imagine, are we going to see this area be more and more affected as these 2 sort of poles . A comp have more competition with one another . To Central Europe is very dependent on the automotive industry. Slovak, how is the largest producer of cars in per capita turns in the world . So these countries will now have to make a switch from producing Combustion Engine cars to produce sink electric vehicles. And for that, whats needed is access for ethical minerals. And a lot of these Critical Minerals production and the reserves are controlled by china. And what we saw in the last 2 years is an increase in restrictions, exports restrictions on Critical Minerals, globally, 30 percent of exports, of such minerals are, theres some restrictions. All right, thats be out to you for chick. Shes the chief economist for the European Bank for reconstruction and Development Beyond to thank you very much. Over to indonesia, now a country thats rich and coal, but with plans to face out of the fossil fuel. But that transition is proving difficult despite a 20000000000. 00 plan in place. But the money hasnt been so easy to find on the one side. And on the other, theres still a lot time in the country to call from lucrative exports to jobs. Of indonesia is cold, rich with most of its heading for export, but the country is also paying the price with pull at quality as the black stuff feeds nearly 80 percent of its domestic electricity generation. Last year, industrial nations promised in to me 0 around 20000000000. 00 in Financial Aid to help ditch coal. But as disagreement within the country about how to shut down power plants and manage the costs as well as how to limit emissions. Big about that, but we must proceed at least to demonstrate that this concept can work and serve as a model to accelerate, to achieving that 0 by 2015. By the way, we came up with the project known as just energy transition. Partnership has full runners in other countries like south africa in vietnam, expectations a high but implementing the transition is an easy intern easier relies heavily on coal fired power plants with hundreds of thousands of jobs directly linked to the coal mining industry. And millions more in directly. The sector is also a major Revenue Source for the state government. It needs to step up uh, the push the buildings, the only for the workers, but also the governments for them to find another way to think piece the income not from the call activities, but from either, for example, either daily, they dont spend inductively. The coal sector in indonesia is still growing and demand is on the rise. The country would be reliant on energy imports. Without it, theres a long road ahead. The transition to clean energy here is just Getting Started it. Lets go now to some of the other Global Business stories making headlines. The hollywood riders ended there nearly 5 months long strike after reaching a deal with studio bosses. The Writers Guild of america says, Union Leaders voted unanimously to lift their stock work order numbers will now vote on whether to approve a 3 year deal that offers pay raises and protections around the use of artificial intelligence. In films and tv shows Crypto Currency Exchange platform finance is selling. Its russian business to industry, new commer. Com x it says operating in the country is not compatible with its Compliance Strategy while attempting to reassure russian users that their assets remain safe. Finance did not disclose the financial details of the deal. Us regulators have sued amazon, alleging the internet giant is illegally maintaining monopoly power. Amazon is accused of forcing sellers to use its own logistics and delivery services. In exchange for prominent placement on the platform, amazon is allegedly penalize in sellers who offer their products lower prices on competing websites. Amazon denies the claims Chinese Telecom giant huawei remain silent on the processor powering its new smartphone during the high profile event on monday. And despite rampant speculation, its an advanced chip capable of 5 g. The phone, the mate, 60 pro, has become a symbol of the tech rivalry between the us and china. Since its released several weeks ago. Its remarkable download speeds indicate it has in advance Semi Conductor chip inside tech. Inside theres hope that huawei would give a few more details on the specs during an unrelated product punch on monday or one of those on hon in our type a bureau. So huawei promised this big leap in the chip design for his new smartphone. But since that announcement, its been very quiet. Whats going on . Us . Yeah, steve, us, its very weird, right . There were more than hundreds of Media Outlets dream, the hallways press conference on live with 98000000 viewers watching it. But there was no mention about its new phone or the new chip. It disappointed many people, but its not a surprise. The hallway still trying to stay out of the live live because there are 2 discussions about how this changed company bypass us sanctions, to a quite Cutting Edge Technology to innovate its way out of these cost trends. And washington may come up with more essentially the future of the same time. Always progress may be short lived because china cannot produce of as ships on the large scale without the new Technology Like the ts empties. So be low key is probably the best way for hallway to do right now. Help us exactly understand what is so unusual about this chip. Well, as i said, the chip used in follies, new phone involved technology that the us wants to block china from acquiring through stations. While we of course doesnt want to talk about the details. We have to know s m, i c, which produced the chip for hallway. This time used to make only 14, not only are trips, and this time they are able to supply 7, not only their chips, which is a mission impossible, without anyone. Beacon advanced Technology Semiconductor equipment. There are rumors that the new chip maybe copy of a t s. M. Cs. Suggesting that the technology leak came from taiwan or the supplier of the equipment to make the chip is the Dodge Company as well. So if not certain, if there was a problem with the us controls, so all these discussions make the chip very unusual. So where can we expect to see this go in the coming months as well . 3 weeks after while we launch as new phone iphone 15 with launch in china, the competition between the 2 is heating up right now. Apple is clearly one the 1st round and its battle without hallway. If you look at the sales rank, but we have to wait until the next quarter or even a year before we have the sales figures to decide who the winner. Yes. And always next step in the Global Technology waste is to not only make cellphones but to build a solid computer power and the speed to satisfy diverse ai or with medic needs in various industries. Always ready to go into areas including smart car plus Family Business and the future of the entire environment of the digital system. It wants to connect them all and well see if they can make it right. So its on hot and typing. Thank you. And heres a reminder of our top business story. A dear pin bank for reconstruction and development, says economies from europe to asia region in which the bank is active. Could see a slow down through the china. The bank is forecasting a return to higher Economic Growth in 2024 in the region. After the current period of High Energy Prices and inflation, china is construction, boom, was killed in part by growing household. Thats right, thats it for me. And the dw, the team find out more online you w dot com slash business. Thanks for watching the ground is creation high human robots, and i can definitely calculate veterans and things that are on his friends, the eating therefore, the dw henchmen for the kremlin. And for higher the mercenaries of the wagner, the Russian Private army is involved in armed conflicts. And stands accused of numerous war crimes. Whats more, its going this way, or is it most active . Former members tell us what they know. The wagner group in 75 minutes on d w. But well tell you whats the story . We have a getting a visa is more difficult than finding gold hosted to use the forces and for the future feelings about whats going on in the industry. Instead of being discussed across the continent, dw, and use africa every friday on the w. Sometimes a cd is all you need to allow big ideas to grow. Or to bring an Environmental 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 the this is the, the news live from ballad. North korea expels a us soldier. Private travis came across the border into the north in july was serving in south korea authorities into a young crime. He confessed to entering the country illegally because he was quote, this illusion with the us also. And the pro Ethnic Armenians fleet has all no crowd boston to 1000 cause crime the roads into media
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