Transcripts For DW Business 20240703

There another way officer ruled, the environment is not responsible. Make up your own mind dw, made for mines. The china post faster than expected growth, the find government stimulus measures are beginning to take effect. But the countries of real estate sector roommates, a major concern of another big developer, faces a default. Meanwhile, president changing ping host world leaders, including flattened recruitment 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 odds and videos plans to power the products of the future. This is due to a new business on k ferguson. The thanks for joining me. Chinas economy expanded by almost 5 percent last quarter. It driven by strong growth and consumption and 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, lets bring in the w corresponding each ann lee. Shes joining us from type, hey, each of these figures were better than expected to what do you attribute this special . Very good question. Okay. Because whether its based on the year on you or quote unquote, or 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, an Interest Rates and support private sector growth. And also theyre trying to regulate a real estate market. So all of these have kind of helped civilized turn us economy. And now the question is that how long this moment and it can last because theres still a lot of things that are on such a and i, so we can see like the Real Estate Industry in china still face that, that crisis in the although the mistakes 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. You turn, you mentioned real estate and 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 crisis of every brand, but now another developer Country Garden is in trouble of whats going on. So yeah, so just as kate of contract gotta is now facing huge problems are 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 guidance, publics all of bonds. So the clock is t k. And we can say that uh, kindergarten 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 its already one last week that you will not be able to me like, oh, the future off shore payments obligations and set 10 for the company. So dropped 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 that come from a lot of the cold 3rd and 4th year cities. And if the price is brett, to be smaller cities, it means that china is pop, pop, putting market is in real trouble. This must be a huge source of concern for president s aging ping. He has been very busy hosting leaders from all over the world for the belt on the road for him in beijing. 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 a couple a saying that if the wall is on a good position turn, i will be the same to. And if china is good so well will be even better and his indicating that the well should in view, the development of office as good. 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 c of friend in price the initiative on saying that it creates like a stairwell. 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 focuses strictly on economic and building road mathis, because they dont want such an important event. The pen pen, divide, you know, the complex going on into well, so a lot being 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 asked him how the belt and rhode initiative this mass of Global Infrastructure Development Project has changed to chinas position in the world. And 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 that, that, that give some options that theyve previously doesnt have a hi. Does that alternative look though 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 a real credible alternatives. And frankly, if, if youre, you know, part of the global south ends, youre trying to promise here, voters inner constituents, you know, some sort of major infrastructure project. If you, you kind of Healthy 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 it voters 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 by 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 the kind of a broadly under recognized aspect of the belts. Red initiative is energy. Um. So the one area that has been pretty well covered is um china is contribution to a lot of cobra. Things 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 belt and red initiative, because not only are those areas where china is quite strong, its area. Those are areas where Major Chinese companies 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 tech capacity and 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, and not sense . I think they do to a certain degree, i think while way 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. Um, but those restrictions nonetheless, do you have an impact beyond just the markets themselves that have those restrictions . Um and in this case i expect anticipate that is going to to really push what they call the digital. So 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, the time to some of the other Global Business stories, making news, german chemicals, company, long slacks is to cut a 170 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. More than half of the job losses will be in germany. The u. S. 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, chipped critical for military and staying with chips tie when eve, 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 people, it sounds like a Promising Partnership between people and companies. C, i to, i will a be, has this idea about collaboration on the a i, factories will work together. But the icon operation between us, chip maker in video and taiwan is fox con, is also notable for whos not included china. And thats just one day after us president by further a curb us tech imports 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 facility for watching with the foundation. The essentially 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 its a software and update the entire fleet. The u. S. And taiwan joining hands to improve autonomy was driving and tried to slow down china as advanced in the auto sector that rob. So if i show for more, you can always check out dw. Com slash business. Were on the dw News Youtube Channel as well from me and the entire team here in berlin. Its bye, take care the. Its just football. And yes, its so much more. Its a symbol for living together in the muslims, christians and jews play together in the jewish for folks up to smack copy. Been in despite challenging circumstances. They want to go on playing the game again, states and find focus on your next on d. W. Answer the call of 610 picks 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. As the world goes on, how much space does she have in nature plans for defending the voltage space . Conflict . In 60 minutes on d w, we are all set and were watching closely. We all seem to be use the story behind the news. We roll about unbiased information all 3 months. Done the this is focus on europe. Im lara. Babel a welcome. The her risk events in the middle east have the world on edge following a mouse is unprecedented. Terror attacks in israel really forces are heavily bombarding, have mass targets in the gaza strip. Many residents there are trying to flee to the south. Israel accuses how a mass of blocking civilian