China lose this team powering its Economic Growth. Well be looking at it in this edition of made the ws business magazine. And here are the other topics. Rushes, oil, exports remain stable, functions and effective results. Packet, stoney village becomes energy self sufficient, and is replacing kerosene with hydrogen. The key to climate friendly, flying into bondage and bellow. Welcome to a show to china has had an unbelievable Economic Growth story behind it. For decades ago, it was a poor country, g, d, p per capita, was 288. 00 in 1981 last year. It was around 12000. 00. This development can be seen clearly in the countries real g, d, p. The sum of all the products and services of an economy, independent of price changes in the nineties and the mid to thousands. Gdp increase is a 14 percent where common last year it was less than 3 percent. Double digit growth is now in the past, my colleague, no data smith has been looking at the chinese economy. China is moto, more growth, more exports, more prosperity. But thats over for now. This could last longer, chinas economy years, we could actually just trust chinese consumers to buy the right things. Is china star on the way . And why might he saved the day 1st tech styles then mission, internet services. Thats how china is economy developed rapidly. This sort of china has largely completed catch up development, and that means its becoming fundamentally more difficult to generate growth. So getting into years, in recent years, the construction sector especially has driven growth. But its now suffering from a real estate bubble. Leading corporations are completely over leveraged, meaning these are the real estate crisis is actually a very big problem for the chinese economy. One of the reasons is that the Real Estate Industry is extremely important in china, making up about 20 percent of g d p. Even according to conservative estimates, i was so far, leadership knows how to help itself. The agent has ordered Chinese State on enterprises to intervene and to go buy some of the more toxic assets that advert ground has to inject cash into the system. So they can continue making payments and not go completely and solvents and really collapse like a Lehman Brothers situation. Now that doesnt eliminate the risk. The risk is just spread out, but china is crisis, goes even deeper, and she is partly to blame. Head of staging. Pain is bullying private companies with ever more regulations that invest holdings back investment bespectacled minutes to ship a tight and this Party Accepted this as they wanted to make an example of it. And show that its not influential. Entrepreneurs who ultimately control the economy. But the communist party in and to come in a session for try innovation could reignite growth creating new jobs with new ideas. The government has been promoting innovation with the equivalent of several 1000000000 heroes each year. The number of Patent Applications has been rising by 15 percent annually. People started to really recognize actually china is perfectly capable of innovation. And i think a lot of the motivation for that actually really was driven starting around 2018 that you know, agent has always had, you know, that the communist party in particular, their communist party. They inherently want the technological Self Reliance on. They dont like relying on, you know, the west, they dont like or line of united states. The 2018 donald trump sanctions against china triggered a boom and the high tech sector domestic products were to replace. So lack of import. How well would that work . Thats pretty just as joint as political system, which is becoming increasingly repressive. Does stand in the way of creativity and innovation in many areas. So its not at all certain that the communist parties efforts will actually be successful. Its one and thats why it really would be a very big problem to no longer be able to have access to high tech from abroad expenses. So couldnt was that the end of china is economic fair, retail. They dont have the kind of stimulus potential that they had in that case. But you also dont have the willingness to re engage with the reformers within the party. What youre doing but and without that willingness to say, okay, weve tried, ive tried my model and its not working, but i think we are going to enter a period of more, sustains, slower growth. 3 or 4 percent could be enough for china to overtake the us. As the biggest economy in 2031 to be at the forefront, technologically will likely take several more decades. Are right now, chinese presents shooting pain, prefers be, cannot make independence and seems willing to sacrifice growth. But china is allied russia as a very different challenge. It is trying to circumvent sanctions imposed by western countries in response to the war in ukraine, essentially is target revenues on one of russias most important export goods. Crude oil, its share of total export trade. In 2021 was more than 37 percent of the Energy Sources were less significant. Coal with a 4 percent and gas only 1. 8 percent. A reporter quizzing for sale. You took a look at whether the sanctions a working or russia is producing just as much oil as before, the ukraine more. And its selling more liquefied natural gas to the use than ever before. Pressure has been able to maintain strong levels of oil exports comparable to those people. In fact, even with the bits of an increase. How can this be . Didnt the European Union and g 7 countries agree on sanctions against russian . Oil and gas exports in the summer of 2020 to the punitive measures were in response to russias invention of ukraine in violation of international law. So far theyve had hardly any effect. On the contrary, motion exported around 8000000. 00 barrels of oil each day in 2018. This volume has stayed virtually constant over the past 5 years. One of the measures agreed tankers carrying russian oil would no longer be allowed to call it sports in the u. N. G 7 countries and the supply of oil to europe. File land pipelines would be severely restricted, but the reality has been different. Dozens of oil tankers, including some from g 7 countries are waiting to be re fueled with oil off the russian ports of november to assist and more months. For example, theyre making deliveries across the mediterranean. Or like this russian tanker bind the bearing c especially to asia. At 1st the sanctions led to a fault and the price of russian oil. As the result, refineries in asia have seized the opportunity and expanded their production of fuels such as gasoline and diesel, which they can export profitably. Thats part of the reason why india and china have boosted their consumption of russian crystal is because of the discount. In many cases, those can entries, china and india, buying cheaper us and crude oil and selling the refined product back in the global marketplace at a premium. Another sanctions measure has been the 60. 00 per barrel price limit for russian oil about 20. 00 below the market price decided by the g 7. 00 countries and the you with the end of 2022. But that hasnt worked either price counts of 60. 00 per barrel was intended to limit russias Foreign Exchange earnings. The normal oil price for brent is between 80. 00 and 90. 00, but the real trading price for russian oil has climbed to over 70. 00. Currently, despite the price limit, how did this happen . It also has to do with the price cap mechanism, which allows western Companies Like shippers and traders, and insures to continue facilitating been treated russian lovely. One reason lou cost on the oil trade in western companies not being monitored well enough, what would be the solutions a showing the price is functioning. So really investigating the trade and im being sure companies are complying with the existing price cap. Be once thats in place, the obvious next move is the types and the price competence to lower the price. Another problem, rushes flourishing, l. N. G trade. The sanctions against russian gas coming to your apply and pipelines are taking effect. But even greater volumes of russian elegy are ending up at european ports in 2021. There were 16000000000 cubic meters, or b c. M of natural gas in the 1st year of the war 2022. It was already 22. 00 b. C. M, and 8202313 1000000 cubic meters of l. N. G. Have been delivered so far. By the end of the year, its estimated that this figure will reach more than 22. 00 bcm. This year. European countries spend 5300000000 bureaus to the problem for l n g purchases. And its important to know so that there is no restriction on the trade. Brushing allergy when it comes to europe. The you does not want to sanction russian l. N g until 2027. Can europe get through the winter without this liquefied natural gas for energy . Its much similar to oil where you have to replace the relationship with an american ship, or if its harvey ship, which is still a challenge and it might have a short run impact on prizes. But its just, its immunology more feasible. The you and the g 7 countries could already help themselves to l. N, g and oil on the world market and switch to other suppliers. And it this way, better controls and stricter sanctions against russian deliveries could also be compliant with some of the biggest losers and the economic fold out of russias war in ukraine have been countries far away like packets done. While europe has been able to pay almost any price on the International Gas markets, reco to Energy Prices have hurt the pakistani economy. And the need to be energy self sufficient has become even more apparent solar energy and wind power could help pack is done become less dependent on gas. Turning to renewable Energy Sources would be able to benefit remote villages, like lockman koli, a dw reporter, a fund of top found out as the sun. Electricity is good without it, we couldnt see of 9 to the this is electronically bundle. Fuck a sense, very few and a z or know most villages in the bus. It has no access to electricity, but tanks to itself. Good sort of system. People here no longer, very about energy, like many and focused on the lets think or this is a work village thats not connected to the could the hunter recently visitors that are light on board fires for light during the night. But now they are meeting to energy news, but the sort of bother the funding must either change use to to far but i was working in the fields, deadening to animals and getting all calls or tasks for her. The day ended when the sun going down. Now the family has a staple source of electricity, lima who has 3 children, can make 30 and 40 at home. Even after the sun goes down. Its so much needed source of extra income. I mean, after the fact that, you know, if we can make 2 or 3 pieces of pastry, i can and money by selling it. The more i makes, the more i can so focused on the energy sector. Theres heavy, the lights on fossil fuels, 64 percent of its energy is produced from portrait oil, gas and cool is kind of getting Energy Prices and Power Outages due to the regular transmission. But also a huge problem focused on wants to make strides in the clean energy sector. Nearly 100000000 people in the country like Profit Access to electricity, especially into radios. It. When we settled here, there was no electricity, we requested the connection to the national grid, and we were told we would get it. But that was 20 years ago. We sent over one of the biggest sell it in the us as the issue of the land ownership. For example, this village is owned by a landlord and the villages are living by working in the fields. Thanks to a Sustainable Initiative by the Heritage Foundation focused on into dozens of families who had have access to it on the clock. Energy free of charge would it be . I didnt spend 42800. 00 buckets, donnie rupees, around 140. 00 euro for one. So pennell system, the 12 families share a hands product that 8 families share. We build toilet that is shared by 2 families. We also build a site shelter for each family and every one of to the 4 door to take brandon, start and start maintaining them both end of the challenge and test on the sort of benefits can also affect their performance. But the end you had a set of sufficient solutions at the ready dates for you and young local technicians to carry out regular maintenance on the toilet installation. Dynamite, i check the wiring and water levels and the battery. I have to keep it clean so that it will work properly. This can provide power to 65 volts, and a fan with the solar panels. I can earn money and support my family. So things are better than they were before. In this village, Renewable Energy generates electricity that has a social impact. Now, village residents often get that in the evening to continue the days work. Why does temporarily probably school in the village also benefits roman officer, bowers supply, veterans send their kids to school in the evenings during the day. Many children buck and the fears along side did veterans. And thats the were lucky out. Children can study now they can study under the light that makes me happy. Solar and solutions are now making a big difference in the lives of these religious good, Something Like dyslexia you live or do you know about the community. But individuals that has come up with an even better solution. Chatted with us and divide the search for alternatives to oil, gas and coal is happening. But just in countries, but also Industries Including the education sector, both the travel sector and aircraft manufacturer as a trying to work on solutions that could reduce the industries carbon emissions. Start up here in germany has made a plane that could help do that with the help of hydrogen h 2 flights 1st Hydrogen Powered bond flight recently took off. And our reporter marcus british was there. These test pilots have taken off in this unique aircraft a global 1st which lies only on hydrogen mari bar slovenia. A team of engineers has spent weeks preparing for the initial flight. The h to fly crew has spent 2 years rebuilding their test aircraft as a technology platform. It has taken them just as long to convert the power source for the fuel cell and electric motors. The high for a student of a test page. Now thats one of the high for is our platform for Testing Technology and again is to invest. We use a Hydrogen Fuel cell on a tight system which provides Electrical Energy to the electric motor. One is just the, whats new with this version is that instead of a pressure rise tank providing hydrogen for the fuel cell, quite a liquid tank which is 3 times the capacity now does it will see a couple of data that i stated that uses carlos team postpone the initial flight several times due to bad weather font. The day finally arrived for them 1st seeking stuff. How do we get that with liquid hydrogen . We have a chance to cover Long Distances and to therefore keep using the ation as well. You know it height that can go and divide that. So not all eyes are on this step. As even the industry is big players, such as air bus will have to rely on liquid hydrogen for clean flying at the future. For the stuttgart based company to play a role, the entire system will have to become smaller and more compact. In less than 2 years, they should then deliver a solution for this passenger aircraft of the type d, o 328. The manufacturer of this 33. 00 passenger aircraft sees it as opposed to clean flying. The current concept is we will have a fuel cells inside the cabin and then all Hydrogen Tank will be in the rear. So essentially we have the electric motors, all ford is this is what we call the power plants, power, inverse moses, and to top of the aircraft. This is take all this equipment up to altitude and relevant conditions on tested. British competitors, 08, the seen spinster, a smaller twin engine plane already completed the test flight here in early 2023. But with just one electric motor and gaseous hydrogen, the other motor is a classic combustion engine. Air bus is also interested in judging propulsion and has just acquired a state in the company. The startup wants to serially convert the 1st regional aircraft within 2 years. As what about these details . So if you look at to check the Logical Development of follow, rough timeframe would be around 2040. And at that time, it will pay for smaller aircraft sizes for 50. 00 to 75. 00 or 80 passenger seat, because i feel like its not just about the engines. Its about a completely new approach from the development of the aircraft to the clean energy for hydrogen production. Which took our developers have shown whats feasible from a range of 700 kilometers today to 1500 kilometers with liquid hydrogen on board. Experts even believe that this will make clean, trans atlantic lights possible in the future for 3330 or 49. 126125. Now imagine being able to drive somewhere without having to do the actual work of driving. Well, thats the promise of driverless cars. But while we still have to wait for a ton of most vehicles to become a comment site on our roads, the Logistics Industry could be leading the way. With tele, drivers travel as trucks that are controlled remotely could become the answer to the truck driver shortage. The cars that drive through the city with no one else, the wheel trucks without truckers not long ago, it would have sounded like science fiction. But today its everyday life. The drivers work from an office a few kilometers, a way to start ups from germany are developing the technology sound right. The munich is one of them and focuses on long haul trucks for the Logistics Industry. Ready the other startup is be from brewer lane and focuses on Passenger Transport by cars. These ideas, a door to door service, a tele driver, pilots, the electric car to the customer. The customer takes it over and drives himself to his destination and then hands the car back to the tell the driver. This eliminates the need for parking. The idea is that the Service Costs the customer less than using a cab or over too much fund that or found it being used to help develop autonomous robot cabs in the us. Now hes focusing on tele driving and thats some altima. Its a different approach to our economist driving knock that allows us to get to market much faster and realize a lot of benefits for us as a society happens. And we cant just hope that Self Driving Technology will work one day. Uh hoping to find continued lena press the is one of the 1st tele drivers. She steers the car in the office, but its just like being in the car itself. Cameras allow a 360. 00 degree view on the screen. The communication is by a radio. The car is connected to several networks in case one fails. In an Emergency Press the can stop the car with this button. Template driving is just like normal driving. She says shes been absent fired up by like, im right there. We have microphones installed on the car and i can hear the sounds of an ambulance come. I can go for the Police Driving buying company here at home, all through my headphone you raise your mind a cup filled, while vegas testing cars found right is already doing field studies with its trucks like here and move up port in estonia. 80 percent of the time the vehicles drive ultimately only when loading and unloading. Just the tell the driver take over for the delicate moves. Thats why he can monitor up to 4 trucks at the same time. Very soon. 24 shanker and volkswagen will also deploy the 1st Remote Control vehicles on their factory premises. Kind of a comma is one of the founders of found ride. Germany has a shortage of tens of thousands of Truck Drivers, so his development is highly welcome at logistics companies. Accidental cuteness, t, excuse me. So the pressure on the industry is that you try for an our customers are giving us feedback and that theyre very, very grateful. And that the Technology Already works. But they want us to roll it out so fast that we almost can keep up with the deliveries. And if its great, having a situation like that, as a company got in the longest, significant sound ride has no problem finding enough Truck Drivers use. If mancha is one of the 1st 40 tell a truckers the bavarian stop driving Long Distance because of back problems. The constant jolts on the road had taken their toll on him. He says his life is much more relaxed now far more done with the lease. And then i was on the road alone in the truck for weeks at a time in the go into your family, your friends. Everyone suffers whom i know now i have my weekends to myself. Whats that . I dont have to clean a truck somewhere on a saturday before getting home. So its on the, i just leave the company on time. Think you should always us to from in perspective, found ride also wants to drive its trucks on highways. But how safe would tell a driving beyond public roads . Sigfried brockman had to look, hes an accident researcher. It has to be said that in the city traffic, its extremely complex because the driver has to have a 360. 00 degree all round view. Im not sure that anyone can actually do that on a computer account and be attentive all the time. You see on the highway though, its much, much easier because the traffic is much less complex and got so there i think its actually an approach thats feasible and can also bridge the gap to fully automated driving. They is still waiting for approval from the german authorities, but the outcome is not certain. Thats why being set up a branch in the us city of las vegas, if necessary, they will start there. But thats exactly what fund to o wants to avoid. These vision is to make europe the pioneer of tell a driving and that brings us to the end of todays edition of late. Thank you so much for watching. And to join us again next time until then from me and the entire team here in berlin. Good bye and take care. The diamonds is almost the earliest thing. 5 year old boy is from the warehouse prison is by terrorists from the circles, islamic states move in 2 years. Hes had to learn to be child again, but hes the place in 15 minutes on the w. 2, the points. Strong opinions. Clear position, international perspective. Him us terror attack on israel is the largest mass murder of jew since the holocaust. Israels president. It has cast a long shadow worldwide, probably change the middle east. Thats our topic on to the point. To the point in 90 minutes on the w, the manuals engine via you belong to the 77 percent, because i just got and 65 last last your power. And heres 3 reasons why 1115. We are here to help you make up your mind because im, i talked to you from campbell topics, the new culture financial team, and lets say what the quote to kid talk is changing. 6 years ago. He said he cant get any was to, but he does guardians of truth. 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