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Transcripts For DW Business 20240713

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A result of an outbreak of african swine fever the tariff reduction will help with the pork shortage while also stimulating domestic consumption amid slowing growth in the 3rd quarter of this year chinas economy only grew 6 percent on the year that its slowest pace in decades the country has maintained growth rates above 6. 5 percent over the last 5 years but that is set to change this year and some Analysts Expect an even lower rate in 2020 that may have given reason for the Chinese Government to intervene the lower prices for imported goods will also be welcome news to chinese consumers. Now as mentioned there the Chinese Government is going to Great Lengths to keep pork prices low amid the ravages of african swine fever but what does the disease mean for pork producers themselves times are tough even for those without infected stock or correspondent in china since this report. In the last few months and he juncture has been observing his hogs very carefully in august a case of african swine fever broke out in a nearby village. So you have in years they reported it to the authorities the government came and killed all the pigs all of them the healthy ones as well they buried them deep in the ground thats how they were able to eradicate the disease. There are no tools for diagnosis available the only thing he can do is to observe whether the pigs look healthy african swine fever is a disease caused by a virus originating from africa but which is now spreading rapidly throughout china is harmless to humans but highly contagious and you need to know for hogs me has 4 pigs worth a little over 2000 euros. This isnt a surf but it even has trouble getting up. It once a year we have it for Chinese New Year old. Me is also the Village Butcher he buys a dog from other farmers was slaughtered overnight he keeps them with his own store and infected pig here would likely kill his own pigs as well this one has just arrived. Using it that usually we dont worry a lot about our pigs but since the african swine fever broke out everyone is afraid of how much. The real extent of the epidemic is unclear some experts estimate that up to half of chinas pork livestock is affected. Early in the morning that time has come for the hog or for the previous night. The fat is white and the meat looks tender thats good quality. Home. And he says that he has now cost twice as much as they did last year in order to ease the soaring prices the government has released part of its strategic frozen meat reserves the frozen meat says a lot cheaper. But nice says hes not worried that his customers might dump him you dont know people here dont like frozen meat once its frozen they wont touch us. Pork is china staple meat increased pork prices are the main reason behind the rising inflation the meat is still warm and the 1st neighbors show up 1st come 1st serve and while his customers state faithful to him his business has been affected. And everyone talked prices used to be very stable in art and age but now that its more expensive i buy less meat we get. Chinas government recently announced that pork production has begun to rebound whether this is true or not is impossible to a very far in the meantime you can do little but to hope that the virus does not come back to the region. Lets go now to taipei where im joined by d. W. Correspondent so don han we just saw that piece on a pig farmer there struggling to make ends meet there with the threat of african swine fever how critical is it for china as a whole to bring in alternative sources here to import pork. Well. It is very serious question right now because chinas industry has been hammered by africans wife fever according to official data so i feel for has nearly half of china are and we know like chinas pork imports has also search more than 150 percent in november from last year and we know the situation especially worse because the price still going higher these hosts taylor stock up on supplies Chinese New Year holiday says approach and so given this situation reduction in the tariff is not surprising at all. Half of pigs talk to your approach is pretty considerable. In the import tariff there these other tariffs as we look at them just one of them are they basically implementing new policy from china or assisting a broader message about trade in general what do you see. Well i think both because china same as said that quote theyre just the measures conductive to reduce the import costs promoting the orderly and free flow of international and Domestic Trade and of quote so on one hand beijing want to challenge us to optimize the trace. On the other hand its also a gesture to a more open economy before the trade war with the us officially ends all right joining us from taipei thank you very much. The German Institute for Economic Research is calling for the berlin government to respond to new u. S. Sanctions on the nord stream to pipeline with socalled climate tariffs against washington u. S. President donald trump signed the bipartisan sanctions bill on friday the u. S. Wants to block completion of the pipeline which will allow russia to deliver gas to germany directly via the baltic sea washington says ukraine will lose billions in transit fees if nord stream to which bypasses the country is built. A saying in germany buyer shares climbed to a 14 month high today rally comes after the Us Government filed court papers backing the company in its appeal against the Us Court Judgement that linked the firms weed killer roundup to cancer the Environmental Protection agency says the product which contains life is safe doesnt cause cancer as has been alleged that supports buyers argument that only regulators have the authority to print cancer warning labels some experts see the reversal of the decision as a signal that other claims against fire may also now face legal hurdles. And earlier i asked our correspondent in frankfurt only bards what the u. S. Government support means for buyer. It is important moral support for bayer especially in the light of the discussion in the Public Domain but the government or the agency cannot be seen as impartial and so the courts are not obliged to follow their support to follow this intervention the same thing is being celebrated though in the Financial Markets the share is soaring but having said that its nowhere near where it was before concerns over the effects of the weed killer for the Buyer Company emerged talks on the settlement are ongoing theyre going at high speed expert lawyers are at this and people ive talked to here who have done similar settlements but not in the fire case but in other cases say theres a good chance that a settlement could be reached costing by billions but not an existential threat in the end a successful. There in frankfurt the holiday spirit might be short lived for luke tons of the German Airlines Cabin Crew Union has threaten the company with a new round of strikes after christmas and it implied that subsidiaries german wings and euro wings could be affected as well the nouns may came after failed talks over the weekend as the union is currently seeking better pay and benefits for 21000 Staff Members in november of 2 tons was forced to cancel 1500 flights because of a 2 day strike that brought air traffic across germany to a standstill. Now earlier this year amazon sold 175000000. 00 products during its annual 2 day sale known as prime day that gives you an idea of how much turnover the online retailer is capable of and it provides some context for this next story it shows what amazon does with products that dont sell. And Amazon Fulfillment Center in vinson in the german state of lower saxony. Environmental activists with the ngo greenpeace shared images and documents with a german broadcaster showing new products being destroyed truckloads of unsold items are being transported to an incinerator several times a week this is and its a slap in the face for climate protection each of these products contains valuable resources which are simply destroyed it is cheaper for amazon to empty its shelves like that than to recycle of tipping. His own doesnt just people new products are being dumped there mostly 3rd party goods that cannot be sold says the ecommerce giant in a statement for us this is the last and least attractive option environmentally and economically. The German Government has recognised the problem with the departments of the environment as well as the economy are planning to take action is the and noisy was that the practice of destroying on souls products is used on a much bigger scale than we have. But theres not a lot of reliable data. And thats why were proposing a new law to ensure more transparency and to get a better overview of whats effectively being destroyed and how much. The government reportedly plans to make it mandatory for companies to have a duty of care for their products so that goods are no longer destroyed for economic reasons. And thats it for me and the d. W. Business team here in berlin theres a lot more Business News and stories on our website dot com slash business and please do check us out on facebook and twitter im Stephen Frears in berlin as always thanks for watching. Cutting through the noise. Where i come from people are known for be tough but fair to your country a lot of people tell it like it it they call. The concrete jungle the melting pot the city that never sleeps its this energy that makes it feel like home but amid the hustle its important to listen and Pay Attention because its not just the loudest voices who needs to be her we all have a story this is how i see it is my job as a journalist to go beyond the obvious now im basing your outlook and my work takes me around the world but my instincts for me in the state to tell the important stories behind the headlines what is the heart of the story why does it matter who will it impact the times is a focus if you want customers to cut through the noise to get to the truth behind the sarah kelly and my book its a definite. Going to. Read this is the worlds oldest film thats. Supposed to get you could you make that. Thank you for joining us john dauth. If you know the parts of the main. Welcome to the show. Anything. Bad i. Was going to name him in the. Premier league because theres so much to discover which will remain curious and when tito made for minds. The boy. Oh boy. This is you know we news live from berlin a saudi Court Sentences 5 men for their roles in the murder of Washington Post journalist Jamal Khashoggi all 3 others were given prison terms in connection with the grisly assassinations of the journalists at the saudi consulate in istanbul last year but critics condemned a lack of transparency and say questions still linger also coming up to brush up in all greats is 1st direct tribute to crimea this is an exciting the region from ukraine back in 2014 well its a big step toward some

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