Have we gotten so used to china being the leader and the strong growth figures coming from there . I think that theres a lot of challenges facing the chinese economy right now. We have the 0 cobit policy. As youve mentioned. This is interesting when you compared to other countries, which ive also had quite strict cobra policies, but seem to have managed a better without the shutdowns that theyve had in china, which of course played havoc with that with the economy. Theres 23. 00 countries in the region and china accounts for 86 percent of economic output. So whatever way you look at it, we need china to keep growing. But its, its also facing the prospect of the 20th Party Congress coming up at which the Leadership Team being will reinforces is rule. And that also means that theres not much happening in china. Everything has to kind of stay as it is in term, in economic terms. And then we have a problem facing the property sector, which accounts for about 30 percent of economic activity. Thats also in trouble at the moment. So theres a lot of headwinds facing china now. Never a good time for a cut in a forecast, but this timing is especially in auspicious. So this is a huge cut in the forecast for a region long considered the engine of global growth. What does this mean for the Global Economy then . What i think is going to be interesting on, if you cast your mind back to the ninetys when we were talking about the tiger economies, i mean, vietnam was the Fastest Growing region, assorted country in the region. I think were going to see more growth coming from other economies. As we say, china is still a giant in the region, but i think the rest of the world still needs china. It still needs its, its, i put, it still needs. Its such a key factor in the supply chain, and ultimately, we need chinese recover in order for the, for the Global Economy to, to recover. I think the prospects going for the forward all depends on how, how 0 coverage moves. If she jumping decides to keep it going, thats whatever is worried about at the moment because people are hoping for a stimulus plan, perhaps in china, which wont happen as long as 0 code is happening because it will just fizzle out. So i think im how the 0 coven policy develops in china is going to be absolutely crucial to seeing how the economy develops. Rest of the world still needs china for better worse. Clifford coon in, thanks so much. Now as me heard there, its a difficult time from any economies to be sure, but countries are also having to face the consequences of Climate Change fuel natural disasters. The recent floods in pakistan claim more than 1500. 00 lights and the government estimates losses of around 30000000000. 00. The food supply has also been endangered. After wides weights of agriculture, land were affected. Wheat is planted mainly in punjab. But wheat fields are also found in the province of sind, which was heavily affected by the floods. The trains arent running any more after the flat damaged infrastructure here. Its devastating, not just for travelers, but also for the many porters who work the line stations have been jobless as the rain submerged, large parts of pakistan. My conduct could i get it now, will i pay rent . Somehow i saved my family from the flood and brought them from my village to karachi, thinking i would earn money and support my family. But i havent been able to earn anything because trains arent running and plain and bundle gay. I began cutting the deadly flood submerged a 3rd of pakistan. Farmers in affected regions. Dont know how they will feed their livestock. But he loved you. What you say. Yeah god, god abo a year, this grass is rotten because of the floods i be. It has turned black. Oh yeah, it can be fed to the livestock. Yeah. That means that the animals will starve and die as a result were caught. I got all my guy younger around 700000 head of cattle drown during the floods alone, according to official estimates, the livelihood of many here wiped out. Its a catastrophe. Many are trying to sell their surviving livestock at the market, but no one is buying because theres no feed. Oh the little there is now too expensive. Awarded modern gave you that better area. We have been destroyed by the floods. All animals are dying. Corner monarch, no one is buying them. Warner were helpless or sorry, we appealed to the government to buy these animals from us and we have nothing to eat as i read it. How are we going to feed our animals . Our corner . Got on my luggage daughter. People are desperate. The facts of the disaster will be felt for years. Pakistan not only needs billions to rebuild. It also needs hope. My colleague quarter im rent joins me now. Speaking of hope, florida, what more can you tell us about the destruction of the harvest and how its impacting the lives of pakistan is, is their hope. Well, i think thats a tricky question. Of course there is hope, but i think more than that theres also a very big, a sense of loss and devastation. People have lost their homes. Theyve lost the way they make income. Theyve lost their livelihood. A lot of people in rural areas have difficulties even accessing shelters where its not, you know, totally drained out or whatever. As you said, the estimated loss is over 30000000000. 00. And prices that were already skywriting, skyrocketing priority to the floods have now gone up for 5 full even further for tomatoes and onions that are like there are so necessary for, for just households for dinner and lunch, and inflation and stability. Political instability has made it even more difficult. And so i definitely do think that there is hope, but i think a lot of work needs to be done to rebuild it. So a confluence of factors there, but i wanted to zoom in on the agricultural kit industry. What has the catastrophe meant for pakistans Agricultural Industry while so pakistan is mainly driven by agriculture. So a lot of the times you know, how you assess how an economy is doing. You assess that with, with agriculture it back, assigning, wed, as our main stable crop and agriculture is over 19 percent of the g, d. P and employs almost 40 percent of labor. So as you can tell, thats really important sector and a little change even. And this is huge, but even a little change can have devastating impacts on the way people move. And so when agriculture is impacted its the economy is going to have a hit. Now how does this flood . There were already worries about pakistans, our financial situation, some or even saying it might be the next re lanka. How was the government coping with the situation thats now gotten even worse . Well, i think thats, thats the biggest question is how will we deal with this once we go for it is a big co payment coming in in december. I think its an international bonds. And what analysts and experts on ground predict that funding bodies like the i a method step in that when they obviously do so, they come with their own a kind of parameters of policy change. And theres always internal rift on how to react to these. But it seems that the growth is that the government aimed for i think earlier was touching 3 percent. But now its, its a bit of a more sad outlook where it says this, maybe even 2 percent would be difficult. But i think in terms of an aide or relief, there has been a lot of positive outlook from countries in the region and funding bodies that are actually trying really hard to assist arkansas in this way. So lets hope that it gets better than thank you. Are to in run, theyre talking about the economic toll of the pakistan floods. Now to some of the other Global Business stories making news. The british pound has recovered slightly after hitting historic lows against the dollar. On monday one pound was trading at 1. 03. The debt prompted calls for the bank of england to take measures to shore up the pound value. Russian german Gas Pipelines north stream 1. 00 and 2. 00 are leaking gas into the baltic sea parts of the senior. The danish island, a born home, have been closed for Traffic Energy supplies to germany are not affected as their currently no gas deliveries through either pipeline and speaking of gas households in germany are gearing up for an, an expensive winter with Energy Prices many times what they were a year ago, germans are looking for ways to keep their bills down and get stay comfortable in the colder months. T ws mailto schmidt reports. Im facing 3 problems. Im using natural gas for heat, to boil water. And for cooking. Last year ive spent about 1500. 00 euros on natural gas this year, 3000 euros, and its getting even worse. My family is part of germanys middle class. We make around 4000. 00 euros a month after taxes. But ever since prizes started to go up, im wondering how much longer we will be able to manage. I live in berlin. Im not want to splurge own spontaneous purchases, because i am aware of Rising Energy costs. Russia has stopped gas deliveries to germany, almost entirely. Prices have gone up 80 percent and more to protect gas and porters from sudden bankruptcies. Gas customers will have to pay a levy starting in october, an additional 3. 03 per kilowatt hour, including texas. Now this levy will hit disproportionately that half of the german population that heat their homes are natural gas to sort of make this section of the population responsible for this seems a bit unfair. This should be spread over the entire population. Thomas odonnell, worries about recent gas price trends, even if storage is full. Ah, that will last only about 2 and a half months in the heating season. So end of december, sometime if theres depends on how cold is we could use a very fast, then you can have a situation where theres simply not enough. You cant import as much energy as used to come through the pipelines for russia. So. Ready its going to be rationing. The big question is, whats the low temperature we can stand in the winter time. Its obvious. The cooler the room temperature, the bigger the savings. My wife has found another way to save around 20 euros per month. We have to switch to natalie again. Again, its not one to 9 months. I dont you poor, but its frustrating because nobody knows when the crisis would come to an end. And thats her shelf for more checkout d, w dot com slash business, and the d. W. News youtube channel. Were also on facebook from me and the Business Team here in berlin. Thank you so much for watching. Ah ah, with ah, a beginning of the story that moves us and takes us so long for the ride. Its all about the perspective. Culture. Information is dw, and d, w made from mines flu. Listen carefully. Dont know how those 2 things you need to do, go, ah, feel the magic discover the world around you. Ah, subscriber to d. W documentary on youtube. People in trucks injured when trying to flee the city center more and more refugees are being turned away. Families on the reason for these correct only is we located demonstrate people seeing extreme dreams around 200 people in june around the world. More than 300000000 people are seeking refuge in the line because no one should have to flee. Make up your own mind. D. W. Made for mines. Ah ah, this is the w news live from berlin. Sabotaged as suspected as gas leaks from pipelines, connecting russia to germany. Denmarks navy has released this voltage off gas bubbles, forming and about bolting saved the leaks, put further pressure on europes energy