Transcripts For DW Business 20240703

Thanks and data. And yet today, nothing less. The 1000, all these things and more and the new season of the fuck. Com. Make sure to tune in wherever you get your costs and join the conversation. Because you know, its last matter the china post special expected growth, the find government stimulus measures are beginning to take effect. But the countries of real estate sector remains a major concern of another big developer. Faces a default. Meanwhile, president changing ping hose World Leaders including flatten murphy in beijing. Well get in depth analysis on how 10 years of the built and Road Development Program Helps shape chinas position. And to Huge Companies pair up to work on artificial intelligence. Well tell you about the fox con on to in the videos, plans to power the products of the future. This is dw business on cape ferguson. Thanks for joining me. Chinas economy expanded by almost 5 percent last quarter. It driven by strong growth and consumption on industrial activity. Analysts say its assigned government efforts to boost the economy are beginning to work. The figures didnt seem to inspire investors low chinese stocks actually fell as fears about the health of the country is heavily invested. Property sector continue to wait on the economy to talk more about this, let spring in dw corresponding to each n lee. Shes joining us from type, hey, each of these figures were better than expected to what do you attribute this is a very good question because whether its based on the year on year or a quarter include her growth is actually performed better than an economist expected. So some experts say that its probably because on some student stimulation policies, a chinese goss manhattan pose, for example, like its trying to lower Research Requirements and Interest Rates and support private sector growth. And oh, so theyre trying to regulate a real estate market. So all of these have kind of helped settle lifetime those economy. And now the question is that how long this moment tenant can last because theres still a lot of things that are on saturday. And i, so we can see like the Real Estate Industry in china still face that, that crisis and to, although the message demand is still quite weak in china. So going forward, we just need to, you know, see if this positive train can last for longer. Are you turning . You mentioned real estate. I want to pick up on that again because the property sector in the country remains a huge concern. We all know about the huge prices up every brand, but now another developer Country Garden is in trouble. Whats going on . Yeah, so just as kate country got is now facing a huge problem. So yesterday, a trophy in hong kong time, a lot of fun holders are telling media that they havent received the Interest Payment of one of our Country Gardens, public solid bonds. So the clock is ticking. And we can say that contra garden has less than 12 hours to avoid a possible default, but exercising that is the, the fund really failed to pay. It will not be a surprise because it already was last week that it would not be able to me like, oh, the future. Offshore payments applications is set the 10th or the companies so drops by more than 80 percent. And people are saying its not gonna look good for the Real Estate Industry in china because most of the cells of country got in come from with margaret, cold, 3rd and 4th year cities. And if the price is brett, to be smallest, which is it means that china is pop, pop, putting market is in real trouble. This must be a huge source of concern for present teaching ping. He has been very busy at hosting leaders from all over the world for the belt on the road for him invasion. I know youve been keeping an eye on that event. What has to that to you so far . So chinese leaders in pain today gave a opening speech, and he is like emphasizing that his sense against west and ask us about the cop away. Saying that if the wall is on a good position, turner will be the same to. And if china is good so well will be even better and his indicating that the well should and viewed as development of office as a 3rd. So its kind of, he like his is responding to, you know, us recent decision to tighten as chip export controls against china. And also now the highlight is the relation between shes in p and putting, putting call. Shes in p a dear friend in price the initiative on saying that it creates like a fair well, but experts pointing out that night of putting north she mentioned major global issues including conflicts in ukraine and gaza. So inside that, trying to, you know, keep the focus strictly on economic and building road mathis, because they dont want such an important event fee and then pen divide, you know, the conflicts going on into wells. So a lot thing left on said there as well. You to lee thank you very much. And earlier i spoke to jacob gunter, a Senior Analyst at the market or institute for it. China studies. I often have the belt and wrote initiative this mass of Global Infrastructure Development Project has changed to china as position in the world in the past decade. Not only has the significantly changed, you know, china over this period, but its really not a Significant Impact in the world and looking at how the b r i is shape to try this relationship with a lot of individual countries. Um that effectively china is creating. Ready an alternative to the traditional western sort of Partnership Model and for a lot of countries thats that deb give some options that theyve previously doesnt have a hi decide alternative look. So in concrete terms, what sort of options do these countries actually have . Yeah, well unfortunately they dont have a ton of options because i would personally argue that the united states, europe, japan and others have not been doing as much as they need to do to offer real credible alternatives. And frankly, if, if youre, you know, part of the global south ends, youre trying to promise your voters and your constituents. Um, you know, some sort of major infrastructure project. If you, you kinda have the options between working with traditional western partners that might take 5 to 10 years for one of these projects to come together. And its incredibly complex. Whereas china is offering something that, you know, they show up with a one stop shop and they can do the entire project in a couple of years. And boaters are happy, constituents are happy. And so even if you end up with something thats not as good as it could be more, maybe it has, you know, more negative environmental. Ready or labor impacts, and that should um, if, if the options are between, you know, a and b, youre going to take be with china. And a lot of these contacts. I want to look a little bit more closely out some of these projects. So you mentioned innovation because when we think of 5, the belgian road, we generally tend to envision things like bridges and ports, big traditional infrastructure, but its a fact more than not as an s yes sir, it certainly is. Um for stuff uh that kind of a broadly under recognized aspect of the belts Road Initiative is energy. Um so the one area that has been pretty well covered is um china is contribution to a lot of cobra and power plants around the world. 3000 right. Initiative, but um, i think that a lot of the impact that received um from the, you know, the weather is transportation infrastructure, energy infrastructure. So its really about trying to use mostly say dont enterprises being able to kind of penetrate into markets and develop, you know, stronger training ties with those countries. But i suspect that moving forward, well see a lot more of kind of a digital and a green Energy Dimension to the delton Road Initiative. Because not only are those areas where china is quite strong, its area. Those are areas where Major Chinese companies to qual, way are running into more and more restrictions and a lot of the developed world. And so there will be a need to kind of be able to push. Im trying to, as a tech capacity, im in the telecom, Digital Space into these alternative markets. What do you say that they have restrictions from the west to actually play into china . Favor that and in that sense, i think they do to a certain degree. I think hallway would probably be much more interested in, uh, you know, building out the, the americans by g network or the japanese 5 g network. And they would, you know, some, some developing countries that maybe can build as extensive of, of networks um, just from a cost perspective. So i think if, if, if given the option um they would rather not have those restrictions. But those restrictions nonetheless, do have an impact beyond just the markets themselves that have those restrictions. And in this case, i expect anticipate that is going to, to really push what they call the digital soap road into a lot of the global south. Because thats where the export market is going to be for those companies. Jacob gunter from the market or institute for china studies there. And you can watch the entire interview with him on or did you have the news, youtube talk to some of the other Global Business stories, making news, german chemicals, company long sacks. As dakota, 870 jobs worldwide, after seeing a big decline and profit, the firm which has been hit hard by Higher Energy costs of calls on the government to step in to support the industry. Within half of the job losses will be in germany. The us is tightening export controls on causing as chips used in our special intelligence. The new measures are an update to existing rules imposed in october. Washington says the cards are intended to restrict chinas access to advance to critical for military and staying with chips. Taiwanese tech die and fox con on us hardware, tyson in video, say theyve agreed to partner up with the aim of developing what they call a i factories. The purpose of these high tech data centers would be to power next Generation Products such as electric cars, a sector in which china currently has the lead. Young couple, it sounds like a Promising Partnership between people and companies. C, i to, i will, a, has a idea about collaboration on the i factories will work together. But the icon operation between us, chip maker in video taiwan is fox con, is also notable for whos not included. You sign up. And thats just one day after us president by further a curb us tech in ports to that country, specifically banning the export them and videos advanced a items one of them, the cutting edge of g h 200 super ship will be used at the new taiwan facilitating the principal watch with the foundation the r saturday would develop the software for this car. Nope, this car would of course go through Life Experience extra like more data. The data would go to the factory. The factory would improve it, the software and update the entire a. I flip the us and taiwan joining hands to improve autonomous driving and try to slow down china to advance and the auto sector that wraps up i show for more you can always check out the w. Com slash business. Were on the dw needs Youtube Channel as well, from me and the entire team here in berlin. Its by and take care the into the conversation 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 use, my guess is the Prime Minister. She was the one goes on. How much space does she have in nature plans for defending the voltage space . Conflict the next on dw, many of the rights of the, like, mid to the, i mean racially prejudiced themselves. A guess its connected to the idea of colonialism. How does a just world come into the Thomas Jefferson principal officer of the us declaration of independence . Believe he had the solution. Why do we still struggle with Global Inequality and Structural Racism projects in like in 45 minutes on d w. What secrets lie behind be discovered . We with benches in and 6 and explore fascinating. Both heritage selling dw World Heritage 360. Now its not getting the headlines these days, but the war in ukraine has lost none of its intensity with both sides anxious to make games before the winter impedes the movements on the battlefield from the few agnes capital vilnius. My guest is the Prime Minister in good that she let me say, what i think is most to show is that the country state committed to providing the brain with what kinds of needs the financial positive needs. Everything needs the when the war as the ball goes on, how much faith does she have in major plans for defending the voltage states. What about human rights . So that gives a