Young mills. Koreans fled to south korea where they realize their dreams of becoming social media. But then they disappeared without warning. Need to recess as a north korean propaganda video was happening from north korea. With love starts october 25th on d. W. The china prepared to host a Major International forum against a backdrop of 2 political tension. Leaders from around the world have begun to arrive in beijing for the belt on road horen among those attending russian president. Vladimir, please also coming up kind of a new airport, reversed the fortunes of combo diaz, aiming Tourism Industry. This is dw business on k ferguson. The thanks for joining me. Its 10 years since china launched is mazda of Global Infrastructure project to the belt underwrote initiative. This week, representative for more than a 100 countries are gathering invasion to discuss the scheme which has seen china land billions of dollars to poor nations. Open with strict repayment conditions to test the initiative widely seen as a way for facing to a surface. Geopolitical mice comes against the backdrop of the devastation conflict in israel, as well as russias ongoing war in the ukraine. And among those attending this form is russian president vladimir putin. This would be his 1st visit to a major global power since the beginning of the war and ukraine. In recent months, relations between china and russia have grown in importance with beijing refusing to condemn hootons war. The 2 countries united in their struggle to combat what they perceive of western dominance. Thats taking this now to have put and defended china from accusations that is using the belt and road project to cement its own geo political, much museums to us. We see that some people consider it an attempt by the peoples republic of china to put someone on nights come, but we see it otherwise, we see just the desire for cooperation. You know, our own ideas on the development of the, your region co nomic union, for example, on the construction of a great how youll raise out by fully coincide with the chinese ideas proposed within the framework of the belts and roads initiative. Which so again for 2nd foot earlier i spoke to china, analyst appraiser, how we i began by asking him how significant to appear in this for him. Well be i think its all very significant. Theyre very much uh. Ready is china and rosa palming its know is that the west and full china talks about neutrality on a peaceful solution. It clearly is supporting rush or maybe not directly with arms with the right side. The whole structure of the business continues. And in fact, russians become more dependent on china and that i think it sends a right poor signal for chinas role in the world that are made as light the car dart or bit on its basically ushering and theres a period of disorder, not a multiple or role, but a period of disorder. Were basically countries like russia are getting how this adventure prism and youll know that china basically has their back. So to some extent, this is a mutually dependent relationship. Where would you say the balance of power as though its very difficult to say, i think everything starts, but rush are becoming a bottle state of china. The trouble is, im not sure how much a power train has to really influence structure. Um, i think it was taken completely off guard by the Ukrainian Division and as president had given them the heads up, i think they, they completely misunderstood what they were being told or put and just didnt understand. Of course what he was getting into. So it said you think china has the drive and see because its keeping it in the dark for an economy afloat. But i think its farmer, problematic than that because countries like russia and i think youll see probably with the ryan and archery as well. Other countries that china is very close to are just going to continue to cause problems and the local regions ritual have problems globally. And china is able to do very little. And so it struggles and then talks about neutrality and everyone should be nice of each other and start finding. But the reality is that chinas so not facilitated bit sounds is doing very little to, to rain. And some of these are all doctors. So lets look at a concrete issue now. Put and then see are reportedly punished. Talk about the idea of suffering death in national currencies. How significant to move would that be for the belt and road more generally . Im this is always difficult to know ultimately who the hell you want to take your rubles. You know, its all were all talking back says which is your local courtesy. So the man who of these countries of per week turns is because the political and financial infrastructure is so cool, or even sampling in raymond b. And the trouble they had, of course, is the china is restrict the there may be some restricted currency. Its only basically used to buy things from china, which is fine, but eventually becomes almost like a box or form of relationship between the 2 countries. China, of course, the highest restrictive use of that may be literally for 30 years, and certainly the currency is under use relative to size of the economy. But this isnt a threat to the dollar. The systems that are operating very differently. Um, i think the americans need to be careful that they dont recognize the dollar too much. I think one of the great strengths is that everybody uses that and everybody wants to use it. I think actually argentina is a better example, which is again a bell. So north partner has large slot lines, i am between the argentina and china. And yet the in the one of the leading politicians, were just calling for dollarization. And indeed, they want to spend the rest of the day because they dont want to spend their us dollars. So theres still a lot of walking distance to go before china is any way. Its threatening the dollar and the current Financial Arrangements a decade on how close is the belt on road today to what china originally envisioned as well. I think thats the problem. Im not sure they put their share of themselves spot. The envision that we talked about the change you down of asked or, and this is, this is always putting up a substance due after the fact the cause of course, 10 years ago it wasnt the bell initiative. It was called one belt one road. And even before that, it was really in a molly, my whole list of projects that china had be developing across the what was generally seen as the global side. Im trying to so many global ag geopolitical relations and trades relationships. So its, i think, to call it a diet a project as if this was some great plan to try and hes, i almost gives it too much too much credibility. It was much more a hodge podge of Different Things coming together under basically a marketing brand that was china unless phrase or how we there. And you can watch my entire conversation with him about china is spelled and wrote initiative on the doping. Use youtube top 9 to some of the other Global Business stories making news. The former bank of china chairman new young has been arrested on suspicion of taking bribes and legally granting loans. The rest of the 62 year old is not an isolated incidents, but part of a broader Anti Corruption pro into china as a financial sector. Several executives of state own bank, so being fined in prison or are currently under investigation for us financial as ours. Are you say Artificial Intelligence . Good sparkling next. The financial crisis security and Exchange Commission check our against our associates. Here is a task of straw 6 fellow, triggered by machine protection called on regulators from various sectors to Work Together to prevent such an occurrence. Springs government has raised its growth forecasts for this year from 2 point one to 2. 4 percent. Thats due to a recovery and sectors like tourism and construction. The revision comes with the countries acting Prime Minister petro sanchez, 6 fucking to stay in office after an inclusive summer election. German vaccine maker biotech has taken a major hit due to weaker than expected demand for its cobra job. The 900000000 euro earnings adjustment is mainly due to excess room materials purchased during the pandemic. News comes days after us farm it died. Pfizer had to lower its forecasts due to weakness in its co would business its a come body and know where a tourism accounts for about a 10th of the country, entire economic outputs during the pond that makes the industry for a dramatic drop and visitor numbers as well as a significant brain drain, since then, hotels on size operators have struggled to lower it. Visitors back, know a new airport and the 2nd largest city of c. M. Re is spring hopes of a turnaround. Train for taurus to come back. This used to be one of Southeast Asia suppose popular travel destination and quote one healy one. You have to combine audio reopened. Just a few visitors have returned like this wedding couple one to have the temples all to themselves for once. Nick it to you kind of for us. This is grace. Its a fantastic opportunity to get our photo shoot them a portal for hotels. However, the absence of tourist is the disaster. Since the end of the pandemic, only about 60 percent of the establishment are back in business. Thousands of drops are gone, and so is the support from the government. During the pandemic, hotels receive 40. 00 a day per employee and value added tax was also eliminated. When the business reopens actually all expend, coming back uh, including, you know, about full payment to staff and yep, uh, so the bank us will have to come back and ask us to repay a bank loan interest. And ill just kind of think so uh we actually in some of the a quite a bit most severe then the crisis, he says, the Tourism Advertising Campaign should have been much better. What gives him hope is that c m re received a 150000000 facelift during depend demik and the new airport was filled. Schools should finally bring the Largest Group of tourists from china back into the country foretells. So the new stores and also their makers, this would be very essential. The post cobit crisis here has hit the entire tourism value change during the 10 that make we experience a big grain drain from the Tourism Industry and certainly qualified personnel. And people with good Language Skills moved into the capital city into the other industries and are not willing to come back in due to the Tourism Industry because it seems not reliable. At this reading shop, theres concerned that unique skills wont be passed onto the next generation unless the situation changes past. An estimated 2000000 International Tourists are expected to visit the temples this year, compared to 6500000 in 2019. I still remember very well about the 10s before career 19 at it was crazy. Its um, its full of, of people off the reason for tourists, one to explore archaeological sites without the crowds timing couldnt be better getting an exclusive snapshot in front of one of the 7 wonders of the world has never been easy. A and a reminder of the top business story were following for you this our years from around the world are gathering in beijing for the bells and broad forum. Among those attending is russian. President vladimir 1st visit to a major global power sense is invasion. That wraps off our show for more you can always check out dw dot com slash business. Were on the dw News Youtube Channel as well, and growth on facebook. So you can find there as well for me on the Business Team here in berlin. Its thanks for watching the news documentary, the topic every week on the 129060 chris butterflies can solve human problems from firing the Floating Homes of the future to helping improve Solar Technology via their nano structures. Discovery of the science of nature. Small ingenious inventors. Butterfly blueprints in 45 minutes on d. W. The hot tips for your package and manage the corners to cities. Check on some great cultural memorials to boot w travel. 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