state's history large plumes of smoke come be seen rising over grand county as the fire continues to grow its force residents to flee their homes but an elderly couple were killed after refusing to leave the house they'd lived in for decades. the 1st asian giant hornet nest found in the u.s. has been vacuumed out of the tree the nest was discovered a day earlier near the border with canada the invasive species is known as murder hornets as they can be fatal to some humans they're the largest stinging hornets in the world and can wipe out an entire honey bee hive and ours. this is ours and these other top stories at least 8 children have been killed and 13 others seriously injured in attack on a primary school in southwest cameroon no group has claimed responsibility colombia

has passed 1000000 corona virus infections becoming the 8th country in the world to do so meanwhile you're growing has closed its borders in a bid to stop the spread of the virus. as more. the health ministry in colombia announced. 1000000 figure 30000 deaths you mentioned it's the 8th in the world to pass that grim milestone it's the 3rd in latin america. a few days ago brazil the worst country in the region has over 5000000 people infected with the coronavirus 157000 people there have died. across the world there's been something like 10000000 people so 40 to 42000000 people infected 10000000 of those are in latin america so it's got around about a quarter of all the cases in the world. u.s. presidential candidates donald trump and democrat joe biden 'd are touring battleground states as election day looms opinion polls show biden in the lead

nationally but it's a tight race in the swing states 50 countries are signed up to a united nations treaty to ban nuclear weapons it's set to be brought into force in 90 days or jurist became the 50th country to ratify the agreement and a mosque in france has held prayers in tribute to a teacher who was beheaded last week there was a heavy police presence off the threats of violence against the worshippers samuel party was killed by an 18 year old man for showing caricature goals of the prophet mohammed in a lesson about freedom of expression. afghan security forces say they've killed a senior al-qaeda leader he was on the f.b.i.'s most wanted list abu mazin al masri was killed during a special operation in gaza in provence. thousands of people have been protesting outside the official residence of the israeli prime minister benjamin netanyahu demanding he resign police say a number of demonstrators were also arrested and the headlines the news continues and after counts on the cost. these days it's hard

to filter out the noise in keep track of what's really important the bottom line tackles the big. united states its people its economy and the way it deals with the rest of the world the bottom line. sam is a than this is counting the cost on al-jazeera you know look at the world of business and economics this week what is a victory mean for china we'll tell you about among the $1000000000.00 democratic plan to confront beijing is it too little too late why because president xi lays out his vision for a rival to silicon valley can beijing develop its own semiconductor industry

plus doing business in africa in the midst of a pandemic from job cuts to rising debt our businesses. it's rare to see cross party support for anything in washington but one thing is for certain republicans and democrats believe china's president xi jinping is a threat to global stability but how would the relationship change under a biden presidency china's neighbors hope there won't be what they regard as the of the obama administration biden has had a 2 decade relationship with china he hoped trade would transform the communist dictatorship. he pushed for china to join the world trade organization which it did in 2001 between then and 2013 it's estimated 3200000 jobs have been lost in the u.s. though as its trade deficit grew with china that's been the crux of trump's

rhetoric against the democrats blaming them for china's unchecked economic rise or though the promise to bring back jobs has failed to materialize one trump struck up a personal relationship with she that didn't stop him from lobbing twitter bombs and tariffs at the country critics like his former advisor john bolton both say trump's approach is driven more by self interest he encouraged the building of reeducation camps to imprison we goes and told she had to deal with hong kong protesters how he liked but the administration believes they're in the midst of a new cold war in september democrat senators announced a 350 $1000000000.00 plan to confront china the bill intends to strengthen the u.s. medical supply chain support new technologies like 5 g. and counter china's predatory economic behavior let's bring this all together

within shepherdson now in is the founder and chief economist of pantheon macro economics and economic research firm located in newcastle in the u.k. good to have you with us so is trance view of china correct stealing jobs american jobs narrative. well it's a very narrow view of the relationship that the u.s. and china have had since china joined the w.t. oh because it's certainly true that u.s. manufacturing has taken a hit chinese manufacturers have gained huge inroads in the american market there's no question about that but of course remember that american consumers have gained enormously from the trade relationship because they've had access to much cheaper consumer goods and would otherwise have been available the problem is there's a classic problem in economics is that the gainers have gained a small amount each through through cheaper products and the losers of lost a lot each because of lost their jobs so that means that you tend to hear about the people who've lost the most rather than those who have gained a little but of course there are hundreds of millions of americans who have gained

relative to those who've lost their jobs so the real failure of policy i think has not been the trade relationship of itself it's been the way the politicians have dealt with it they haven't provided sufficient support to people in manufacturing and to manufacturing companies who they they must have known would be dislocated by the expansion of. and those people being effectively left on their own and they're angry and they're hurt and they have undoubtedly lost out on the other in africa jane they're all about in the other side if all we talk about jobs being lost in the manufacturing base in the u.s. taking here isn't it also true that it was in fact american elites who move jobs to china where labor costs are cheaper right so blaming china even in terms of manufacturing jobs isn't a little bit of an oversimplification here i'm not blaming china and saying is it was a natural consequence of opening china's economy and opening the u.s. open to china through the w t o it was inevitable consequence of businesses would move their activities to where

labor was much cheaper and that of course was china where previously they haven't been able to do that on such a great scale so it was an inevitable consequence but they didn't tell the american people about that in advance or they would never support the deal china's the real problem is china of course it's the other thing the trump has talked about a lot is the theft of u.s. intellectual property which has been outrageous and for. forcing u.s. business isn't a joint venture which they didn't want those sort of things have been going on on a grand scale and it's not just american technology the china of stolen syrup ian and other countries as well and that i think it's been right of trying to highlight that as one of the few things he's got right on economic policy that it has to stop so it's not simply just the loss of manufacturing jobs as other things that china has done as well have all sort of generated this this anti china sentiment in the u.s. i didn't mean that you are blaming china but trump is obviously do you think there are 300 $50000000000.00 democrat plan will do anything to counter china's lead in 5 g. an artificial intelligence 'd saw even drug supply chains well up the margin maybe

i mean of course in a pre-election platforms from presidential candidates aren't necessarily what becomes an acted after the election because we have to get through the whole political legislative process and it's all very well for presidents to say they're going to wave a magic wand and do great things but obviously reality can intrude in the form of congress so it's far from clear the president biden if he's elected will be able to do all these things if he were to do it then yeah it would make a difference one of the things that china has done is is used state resources to build up the 5 g. technology the green energy technology the pharmaceutical production technology all of these things have been supported by state resources now it's not the us way to do that on such a grand scale but in the past of course it has been the u.s. way for the federal government to spend on things like research and development which has been hugely important the defense and aerospace and other industries so it's not like the u.s. is only a free market economy the government never gets involved but over the last few

years a government has taken a step back and the travel ministrations has effectively drifted on this sort of policy so it would be a change of the margin and probably it would be a change for the better but there's a long way to go so given what you said about the sort of reality check to magic ones what do you think realistically one can expect from a biden presidency. well a return to some sort of normality i think from from the perspective of the west of the world a shift back to something america that they recognize which is not retreating into itself and which is taking a more global view which i think will be very welcome for some of china's neighbors for example who are feeling very threatened by china's activities in the in the south china sea. and in terms of economic policy will see i think a more aggressive approach to dealing with the coronavirus and we'll see a reversal of some of trump's tax cuts as well and we'll probably see a reset or an attempt to reset the trade relationship with china which probably will involve some sort of pause in the tariffs or maybe even

a reversal of the tariffs and an attempt to negotiate from a position of of clarity and understanding so that both sides know what the other side actually is trying to do so but not a lot of work to do on a whole lot of fronts that's for sure but i do think in terms of the relationship with china there will be an economic research but maybe not a geo political reset because the world has changed over the last few years and china has become a lot more adventurous and aggressive both externally and internally and the u.s. i think us to recognize that that segues nicely into my next question when you look at where china stands today because of the what's happening in taiwan the south china sea its technological lead is it too late for the west to challenge or try and contain china. well depends how you define containment i in nobody wants a shooting war specially the chinese would be my guess but they've they've been given an inch and they've taken any odd because the us a step back from its global leadership role it hasn't pushed back hard against

china's actions in hong kong or the way they've been treating the weak people internally it hasn't supported taiwan as aggressively as it would have done under previous administrations and it's done really nothing to check china's military adventures in the south china sea which is unnerved their neighbors so a shift back in u.s. policy to a more full throated defense of the states around try. and on a more a greater willingness i think to call china out for its behavior internally i think would be a huge change that the chinese have taken american silencers as a reason just to push a bit harder to see how far they can go and the answer is i can go quite a long way against trump because as we know he's he's very fond of dictators and autocrats and so he doesn't do anything about it but i think a vice presidency would be different certainly the u.s. foreign policy establishment if you like outside troops in a circle who are now running the show but the the the the cia and the intelligence agencies i think a very along toward china has been doing and would welcome a shift to a more muscular approach from

a new administration that see what happens in november then thanks so much in the shepherdson. president she's been rallying china's tech evangelist to create a hub that rivals tokyo bay and silicon valley it's more than just a rebranding exercise china's greater bay area is already home to some of the country's biggest tech companies their only problem is china's leadership in 5 g. technology and possibly artificial intelligence which has been built on the back of chips from the united states south korea and taiwan washington is could tailing china's access to technology through sanctions on companies like weiwei and he keep vision chips are critical to a whole host of industries in 2019 china imported chips worth $305000000000.00. in the middle of this clash is taiwan it's been hoping to cash in on chip sales to china beijing also has

a claim on the territory taiwan's ts mc is one of the biggest chip manufacturers to while away an apple or it's already said it won't sell chips to china she's push for technology independence will see china build 70 percent of the chips it uses by 2025 that's up from 40 percent this year still china's chip industry has a lot of ground to make up and could be at least 10 years behind western technology let's bring in our regular tech guru from new york daniel ives is the managing director of equity research with wedbush securities joins us via skype good to have you with us so there's a concern that whenever china chooses a corporate champion it's difficult to see where the state begins and ends right but getting it's a slippery slope because right now it's centrally a core tech war between us and china. are reading this isn't me

a big dynamic there are over the next year which can have been bookish and poor boy and i think right now it's a big focus for a messrs. and china plans to spend billions when it comes to getting through tax cuts and subsidies to try and speed up its semi conducted design and manufacture a base how far is china when it comes to that sector how far behind i should say near right now it's an arms routes when it comes to semi's as well as overall inside she and i think really what you're seeing over the next few years you're going to see significant investments you know upwards of 2 to 3 x. in china because there's of the coupling going on across tac not just in sami's in harder but also software and i think this is something that we're going to see play out and there's me clear winners and losers but right now i mean there is sort of full steam ahead and that's something that's a shot across the bow especially to traditional tech companies in the u.s.

situations a bit different we talk about 5 g. an artificial intelligence how far behind is the u.s. i did today i will call it 18 months and i think that would you may be conservative in terms of 5 g. you are 5 terms of china well 'd ahead 'd and i think it's peaks to really what you've seen with the way in even the broadcom qualcomm tend to merger from 2 years ago that got put on ice i think this is something when it comes to 5 in my opinion covering tech 20 plus years most transformational technology that i've ever seen right now china clearly leads that raise you're going to see the u.s. try to narrow the gap that's going to be the issue over the coming call it 6 to 12 months as is race for 5 g. . where we say perhaps in the u.s. that the state will need to step in more and then when it comes to 5 g. in the u.s. we're going to have to see significant investment you're seeing it from

a carrier perspective the brize in the t.n.t. the apple just launched an i phone 12 in terms of 5 g. but this is something internal really take the course of 2021 to fully. random times not on the side which i think you can to see more more consolidation in the u.s. around inside g.e. and you can def i have seized more government infrastructure around 5 g. especially with with china's doing on the superhighway so then if you look at the bottom line then we've got quite a lot of state involvement when it comes to the chinese side perhaps we're going to see increasing state involvement on the u.s. side when it comes to other sectors like 5 g. an ai is the free market system failing them again that's an interesting question i mean when you say mass 5 g. you know especially with china's done right now it's such an arms race that you're starting to see more and more involvement from the government side of course we've seen that in china i think over the course of the next 2 to 3 years you'll start to

see clear on the private side winners and losers but for right now to really get the jump start you need to see more government infrastructure because this really comes down to next call it 2 to 3 years you're going to have that window that opens up and naturally the opportunity not just in the u.s. and china but across europe middle east and you know other sort of packets of geographic strength has received 5 g. takeoffs and for countries like taiwan they call it in the middle of all this right they going to have to go up some of the biggest customers at least when it comes to the chip maker. and see. yeah they're caught in the crossfire it's an all western standoffs and i think that's where you're seeing quali and others caught between us and china it's a gup on just special what we've seen happen in the us for them but i think it just speaks to in this cold war between us and china no hallway and many components

within taiwan are caught in the middle i think it speaks to the overall supply chain in terms of where taiwan fits i mean that's going to be a big question mark going into next year i'm going to ask you about google so if you think of the government's case against it i think it's a 1st shot across the bow as you're going up on the d.o.j. to to google i mean to see this bell wavers big tech battle continue to manifest i think a lot of it depends on if you see a blue wave from an election perspective that give more you know caught antitrust momentum i think right now it's all about law changes and legislation but no doubt i think this is the does it contain risk by the has to 1st step in which can be a multi-year battle 'd against big tech with google front center it's going to be interesting that's for sure thanks so much for your analysis i think it's back to on this. now african countries have reported more than 1000000 coronavirus cases and some 23000 deaths the health crisis is forcing countries to choose between

servicing their debts or spending on health services that's according to the i.m.f. while african nations have stepped up funding they need more help from rich nations and private lenders i.m.f. managing director chris telenor georgieva says african states still need $1.00 trillion dollars in financing through 2023 but there's a shortfall of 345000000000 the pandemic coupled with a collapse in commodity prices and the plague of locusts have hit the african economies particularly hard putting 43000000 more people at risk of extreme poverty according to world bank estimates millions of jobs have been lost to the pandemic so how are businesses coping against this backdrop joining me now via skype from paris's amir ben the ahmed amir is the president and founder of the africa c.e.o. forum good to have you with us so you've had to cancel this year's africa c.e.o.

forum is enough being done to support businesses and jobs. i would say it's. a glass half empty kind of situation a bit later he showed that there is a long journey for our governments to. build a stronger economy so more resilient more already needed if you look at what has been. a little scared by world economies there was about 10 trillions invested in financial support in western europe before trillions of own these has been done through various type of measures stated state backed ringback loans. suspension of. financial support for independent and all of these basically has. about 15 to 30 percent of g.d.p. germany has a investors 30 percent of its g.d.p. . being responsible and if you look at this situation in africa it's much different

the most ambitious ratio i mean probably south africa have an 8 percent. g.d.p. some of the largest economy have reacted and vicious and they have reacted swiftly morro south africa i have talked about it in the various lands in yemen so billions of $1.30 i think will 20 or so africa are they have met the same kind of measure it's about their face see different challenges 1st of all the opposing. of course less the way spanish in the way we intervene center banks don't really money every 2 to play with it there's also a rising debt question or a lot of african countries so they have. i mentioned the margin of intervention. much less important but i think one of the most important problem is. a level of

sector and in most of never going. companies and the situation makes government interventions very complicated and it has unfortunately a very dark impact on. the state of actors of the economies and the sort of millions of people who are business right the government interventions that as you rightly stated there are very complicated when you look at organizations like the i.m.f. they calling down the private sector to step in and try to help with the funding shortfall but is that an easy proposition to make to the private sector when you look at countries like zambia which are facing the possibility of a default on that. yes that's true but to. assembly and also who are to a country set up especially stress the situation you have probably 6 or 7 countries in africa that are in the same situation but if you look at that's

a whole lot more 'd than 30 countries have not lived through that at least suspension initiatives so. the situation is not as bad as it looks. any you also look at the recent trends within the last 10 years a lot of countries have been able to go on the markets and attract private investment send it out that's the issue tenure of the group which is that for. 25 percent with great success but in order to do so be a need to be very careful in their relationship with investor any vaccination they need to grow their past base and they need to formalize the informal sector are talking about previously so has anything then given what you said has anything changed in terms of africa's attractiveness to private equity because before the pandemic it looked like private equity was turning its attention to the continent.

that's true yes definitely again who happened to the situation if you look at the figures are you one of these you're. basically you have the same boat in the transaction around 88. value of the transaction have decreased dramatically in the 7 minute this. semester so it's a 20 percent decreased and or so when you look at the amount of money raised. 1.7000000000 last year or 2. point 1000000000 this year or so and so it's so significant decrease but. there are some barriers. to cater for the future 1st of all when you do have to bring about this investment you see that there's a clear. road to investing in sectors of the future that healthcare

and as usual if i mention a sector and i'm ok i've seen last week there was a very big acquisition by the u.s. company strike they wired for 2 $100000000.00 space documentary an internet company so it definitely generates some review that type of. industry i think in the coming months so how business is then coping and till those coming months pick up as we hope. basically we as you know i don't know if you are this we are conducting embassy or car or every year a partner in a survey we are the light we are surveying 200 of the most important companies in africa to try to understand their. expectations from a profit but he sees their trust in the economy their business right there a tease and of course this year 95 percent of. the players themselves

back in better corporate situation but they offer strong faith in the recovery of the economy about 60 percent of them being that the economy will recover in 2021 and more importantly we are seeing a rising percentage of the us that have a strong. belief in the long term future and. when you are very closely last year 73 percent now it is 80 percent so. resilience it definitely has been fascinating talking to you thanks so much thank you and that's our show for this week but remember you can get in touch with us via twitter use the hash tag a.j.c. the see when you do or drop us an e-mail counting the cost of al-jazeera done that is our address there's more for you on line of al-jazeera adult column slash c.t.c.

that will take you straight to our page which has an entire episode for you to catch up on. that's it for this edition of counting the cost i'm sam is a than from the whole team here thanks for joining us the news on al-jazeera is next. global pandemic. family comes 1st. for every american health care has never been more important. because the new disease does not favor republicans over democrats bridge over poor or black over white. america decides how to care for a nation. extensive coverage of the us elections. on al-jazeera the 1st reaction was shock hush hush across the u.s. meat packing problem some covert 19 hot spots these are people being treated as

togs and a machine rather than actually being cared for for clients investigates whether corporate america has put profit before the lives of its workers they care more about pieces of meat going in the tray then they care about their team members virus on the poultry line on al-jazeera he began with war and to connect with her i called shall i fall ball i felt like i was that a documentary filmmaker once granted unconditional assigner contrasts his experiences with those seeking refuge today an intimate note of the consequences of the policies of detainments is really on that's the sort of illness misery they cannot absorb this number that people have to suffer in this way it is unacceptable and refugees tail on to 0 when the news breaks and the racism protests continue in a number of cities across the united states when people need to be heard in the

council area line nearly 500 points were destroyed and about 80 percent of this land but al-jazeera has teams on the ground people are just talking about wind and solar as if that's going to solve the problem if want to bring more room documentaries and life moves on and online. gunman attack a primary school in southwest cameroon 8 students killed more than a dozen injured. and this is al jazeera live from doha also coming up columbia crosses 1000000 coronavirus cases as governments in latin america and europe struggle to deal with

the infections. with 9 days to go for the u.s. presidential elections by donald trump and joe biden campaign to boost suppose.