and mary's church prayers are sad for the islands community. some of the fishing families work in hospitality. the other main industry on the island, the economy is not just about losing the fishing and the, the money from the fishing it's, it's losing all those other people who, who do really vital jobs in the community. there has been fishing here or for thousands of years. we know that it would be the absolute death know of this village. it's just got ranching. i mean i go to bed at night. i can't sleep restaurants turning on line. they're thinking no one's ask no end. what reason is the for this is just devastating. some wildlife campaign is say, the protected areas will offer a lifeline to the see many here a hope all they'll be able to carry on. i'm remain part of this islands, future m a. he would al jazeera in northern england. ah

no, we're just here. the top stories, the world's richest man, a yellow musk has taken control of one of the world's most influential social media platforms. his 1st move as head of twitter was firing at least 4 top executives, including the ceo and she financial officer mask had until friday to complete the $44000000000.00 deal. he signed back in april. it ends in 6 months saga, filled with accusations and legal challenges. the husband of u. s. how speak and nancy pelosi has been violently assaulted during a break in at their san francisco home port below see suffered a skull fracture and serious injuries to his arm and hands, but had expected to make a full recovery of 42 year old suspects has been arrested and charged with attempted homicide san francisco. police say the motive isn't clear. when the officers arrive on scene, they encountered an adult male. and mr. policies. husband, paul. our officers observe miss below. sienna suspect, both holding a hammer,

the suspect poor, the hammer away from its velocity, and violently assaulted him with it. our officers immediately tackled the suspect, disarmed him, took him into custody, request it emergency back up, and rendered medical aid. the suspect has been identified as 42 year old, david de patton fighting's intensifying and ukraine's eastern dumbass region. russia is shelling the cities of nikolai of, and back moves where there's a fierce battle for control. and russian. shelling continues to target ukraine's power grid to damage to infrastructure as capacity to the capital key of by around a 3rd. and there were warnings that rolling blackouts will be longer and more often . former pakistani prime minister imran khan and his supporters are marching on the capital to call for early elections. they began the 380 kilometer walked to islamabad from the eastern city of la hall, official say the protest as will be barred from entering the capital,

can step down after losing a confidence vote in april. he's been charged with corruption, but since the allegations are part of his opponents efforts to keep him out of politics, you without a 0 counter, the cost is next asking how she g. ping's tight grip on power might impact the chinese economy. the united states border patrol a law enforcement agency was controversial tactics. they put a face down, they beat him repeatedly. they taste him, emboldened by a culture of impunity. they keep doing it, knowing that they're hurting people and causing the full floods. investigate secretive units accused of concealing its agents. crimes are like the men in black . they really don't. you don't see them that they're just there to clean up the mess and to cover impunity at the border on a judge ito. ah, [000:00:00;00]

i . hello, melinda. this is counting the cost on al jazeera. this week president gigi pings grip on china is tighter than ever before. and he's pledged to cement his country's power and influence in the world. the economy is weakening, county fix it. also this week china's leader wants to place his country as a leader in technology bought in his choking off it's access to advanced semiconductors class chinese electric vehicle market is booming to why is beijing so far ahead of the u. s. europe in adopting the technology. ah, when jean ping assumed power in 2012, china's economy walls booming

a decade later that growth is being dragged down by strict cove at 19 carbs and a deepening property crisis. our critics of the chinese leader mainly blame the weakening economy on his policies. yes, easing ping has given few signs of changing his approach off to consolidating his hold on power. she insists the economy is resilient, and as promised to deepen economic ties with other countries, as he begins an unprecedented 3rd term as leader of the communist party. susie 5, yes, she also and justice china can't develop in isolation from the world. it need one, china for its development through over 40 years of friendly letter form and opening up, right. we have created the twin miracles of fast economic growth and social stability . china will open its doors if a wider we will be steadfast and deepening reform and opening up across the board. a prosperous,

china will create many more opportunities for the world. we now have one veiled, a new leadership team of loyalists. among them is leach young. on track to become the premier task with managing the world's 2nd largest economy. now, stocks in hong kong slumped and the you are weakened against the us dollar after beijing presented its new policy leadership. investors were also, i'm nerved by economic data showing a mixed recovery in 3rd quarter, with unemployment rising and retail sales weakening. now the economy has rebounded at a faster than expected pace during that period expanding by 3.9 percent. but it's still way below the 5.5 percent target for this year. now let's have a look at some of the aging ping's controversial policies to decades of market oriented reforms initiated by his predecessors. the president has been criticized for bringing the economy on the tight state control opinion and say he has

prioritized political control and national security above economic growth. he has a long sweeping crackdowns to reign and industries, including tech, giant gaming and private tutoring. as part of his efforts to tackle rising inequality, the measure is estimated to have wiped out hundreds of billions of dollars in market value for many of chinese companies. honest imposed boring limits on the property sector, which has led to cash crunches. and defaults for many developers. z is also double down on 0 coven lock downs, mass testing, and border controls which continue to cripple economic activity. joanie me now is sally, you senior practitioner fellow with the ash center, harvard kennedy school, and a visiting senior fellow at the london school of economics. she enjoys me now from washington, d. c. thank you for your time, sadie. what's the recent economic data? tell us about how the chinese academy is doing. hi, good morning, melinda. first, they would be nearly impossible now for china to hit the full year 5 and a half percent

a g d. p growth target. chinese economy has achieved out 3 percent growth in the 1st 3 quarters of the year. and so china would need to grow over 10 percent. you order to hit the full year target. and so that's becoming increasingly unlikely. some statistics within the q 3 data is really interesting. one world income grew faster than urban income by nearly 2 percent. so the lifting of income is a manifestation off. she's determination to reduce income inequality you order to achieve common prosperity in the 2nd statistics. private sector investments grew 2 percent into 3, but they sector investment grew over 10 percent in the same quarter. so the say sector is a bad thing relative to the private sector. in this, a gun validates the c's plan to make the state sector a bigger, better, stronger, and it cooler off the chinese economic growth. a 3 take high take manufacturing

value added to the fastest across all the industrial sectors into 3. and so there is a whole, a government approach in pushing the growth off china's, the high tech industries. and number 4, really interestingly, our savings the car to saw a shot rising. 2021 chinese. save the despite co bit over 220 truly in our and they almost a 2.3 times the size of china's g, d p. and on average over $10.00 a u. s. dollars per chinese citizen in economic uncertainty. so chinese citizens are really making choices on the future of, you know, what they see. i saw the future of the chinese economy. they aren't spending, they already invested, they are really saving. and last me, if i may say of the 3 horses of their chinese economy, trade investment and consumption, obviously trying to always fall back to the infrastructure stimulus in order to see some short term economic growth. but we haven't seen consumption pick up literally

since cold bid. and so a less we see a very strong consumption recovery. there is no sustainable economic recovery in china. right. ok. so that's why i just want to be clear, shirley, because the loss of what you described is positive news. and yet when you see how the markets of react and the you on depreciation, you wonder how it's being interpreted. is the chinese economy doing ok or not? oh, you may say that it is a you looking at had that the condition that, that the chinese economy has been weathering in the 3rd quarter with persistent id 0 cobit policy. and the enormous a political certainty which has now cleared a chinese economy has been rather resilient. if we were to look at a 3.9 percent, the g d p growth in the 3rd quarter, but by all means it is so slow down significantly. and i think god, you know, for china not to hit

a project to their g d p growth target for the full year. this is perhaps the most shocking anomaly that i've seen you, my professional life time. but we should say that in the 20th party congress, economic security has become a big priority over economic growth. and so going forwards, mistress, she did talk about that by 2049. he wants to china to become the leader in terms ofa comprehensive, national strength in the world. and so that entails rather a lot of things beyond simply g d p growth target. yes indeed sir. let's expand on that because when you take a closer look at some of the people in his new leadership team, it does appear clear that he has chosen loyalty over the experience of some of these people. so is economic growth no longer a priority for shipping. molina,

economic growth will always be essential in china, as just have mentioned earlier, economic security now has become a more acute national priority for the current administration over g d p growth. but that's not to say that economic growth is not essential, as mentioned the mr. sci fi mission, a long term target by the mid part of the century. he wants china to lead the world . essentially every level of strength that entail is a military military modernization requires economic growth. infrastructure building requires growth about and road initiative. this is mr. she can paint signatory foreign policy that requires economic growth roof itself. it's already a part of the china's economic security. one of the challenges and you touched on it is the downturn in the property market in china? what are your predictions for the market is a recovery in the sector expected?

a, china's residential real estate market has sledge a 13 month in a row, a when they 1st started a, they started as a supply side issue, primarily risk in the suppliers, the 2 ball per side. but now it's increasingly become a demand side issue. as we have just mentioned that you, investors are the regular savers in china, are choosing to put money in the bank rather than borrowing on mortgages and the buying more real estate. the market is not going to recover. and the real estate sector, it's roughly about 20 to 25 percent of china is the g d p. it is a crucial sector in the chinese economy. and so it has a stove, some of its risks over to the banking sector. and so now it's becoming more of a systemic issue that involves a lot of moving parts. thank simply a, just the, you know, to revitalize the real estate market itself. clearly you study china very closely.

it is something you focus on. where do you see the chinese economy going forward? can overtake the u. s. at some point. i think the chinese economy will face a lot of hurdles, the head, but the economy that the model itself is transitioning. we have heard in distress. see fish recently that the chinese economy is comprehensively are moving into a different path off development the past of for decades. and as far as how that economic model is going to work out, that really it's a, it's a big test at the world is bearing witness to. so we are looking at the state sector becoming more dominant and the, permeating through every sector off the chinese economy. and we are looking into the future that china is going to focus on a lot of self reliance and including not only supply chain technology, but also china's major push should become

a global leader in exporting technology to the developing world. and so we're looking at the various moving parts, but the fundamentally we're looking at the sub you cannot make philosophy that is embraced on by the car, into chinese leader. if it is going to take china to where he wishes china to bay by the mid part of the century, that is to lead the world in comprehensive national strength and to offer the world alternative model to modernization. we don't really understand fully at this point . what this chinese style modernization is categorically different from modernization in the universal sense. and so there are a lot of things that we know that from a liberal economic perspective perhaps, or is a lot of data pads where the chinese economy is going to go. but we know for sure that the,

the path is going to become more state centric and it's going to perhaps further depart from the liberal economic i ideal. good. the west of cherish, really interesting to talk to you. shelly, you senior practitioner fellow at the ash center, poverty kennedy school, and visiting senior fellow at the london school of economics. thank you. thank you . the president gigi in paying once china to become a state lead and self sufficient technology superpower, but doesn't rely on the west. but it lags behind taiwan, south korea, i'm the united states in manufacturing advance then we conduct is used and everything from mobile phones to weapons or the u. s. is making it harder for beijing to acquire and produce the washington has imposed sweeping new cubs against the chinese chip industry. they are tougher than any previous action taken by the u

. s. in decades and the aim to slow beijing ministry power. american companies would now require licenses to export high performance chips to china, as well as equipment use in advance semiconductor manufacturing. their restrictions also target sales from foreign firms that use american equipment. the measures come as the us post billions of dollars into its domestic chip industry in an attempt to boost american competitiveness. china has criticized washington's expanded restrictions saying they will. * home supply chains and the world economy. many american firms that produce chips list china as the biggest single market and could face major losses in revenues. to discuss all of this on join now by alicia garcia had at or from hong kong. is the chief economist for the asia pacific at not texas bank, an, an adjunct professor, hong kong university of science and technology. many,

thanks for joining the program. what is the thinking behind the decision that the u . s. has made to place the sweeping controls on sales of semiconductors on basing. i think the main concern from the us side is actually technology and containing china and it's upgrading of the major industry us me, that's the key. of course, there's no such thing as military industry only and, and need to technology will be hit, which also means that china will have a hard time in moving up the ladder, whether it's artificial intelligence, quantum computing. so basically the tech will be severely affected. this technological decoupling between the us and china it's been going on for some time now, hasn't it? i mean, because of that, we know that the chinese government has invested heavily in its own chip industry

in life if that how much are these controlled? actually a blow on china so far, right before this and new ban on on simic factors, i would say that the impact has been limited. we had seen some impact ways to very good samples. it basically didn't manage to develop it, sign the sign of semi come back the subsidy. we've had a choir to do so. but, but yeah, i mean this time around, this is really up to not me. this is a totally different ball game. it is going to be much more painful for china than any other measure which is so far. so this policy of the us to work though it needs its allies, doesn't it to comply with the same controls. i mean, take taiwan, for example, which is pivotal to the semi conductor industry. what is taiwanda ro here? it's close and it's relationship to the u. s. but it's also very much dependent on

china in terms of its biggest markets. so how do they play this? they can't play, that's the difference in premium sumption. export controls, entity list, you know, everything we've seen so far. they had a choice. and they could basically, you know, play around with whom they were sell in, or they were not selling this time around. if the c or a s m l in that, that or, or some so not anybody decides not to play around and it is not defy the end user in a way they are going to be subject to the same export controls because it will not received that the signed for their own production. this is what i mean. so that way it is not choice. 2 factors. first i practicing is going to be hard to deviate. i mean, impossible because you're going to be targeted. targeted 2nd by now. and this has

changed since ukraine, you half hot a coordinated export ban on semiconductors to, to russia, which is basically now let me know chinese semiconductors. so i guess your brand has shown that it can be done. so what does this leave china? what a china, china's options, china has options. i would say i wouldn't say that they are necessarily very effective. so let me start by very simple. they can ban apple or microsoft or, you know, like be harm to the tech industry as users the other than they can do is to play with critical components to, to supply chain, whether semiconductors, electric vehicles, green energy, yes. so, so you know, they controlled the processing of key or help they can play with that is not a big minor thing. and finally, they can just, and this is key, create their own, their own ecosystem,

maybe not as advanced. but the point is they could produce that uses less advanced chemical back those bigger semiconductors for purposes that might not be necessarily the same level, but that allow them to continue to upgrade rather than just give up on, on that. and that brings us to, to ecosystems. bifurcation. okay, really good to talk to lithia garcia herrera from hong kong. she called miss for asia pacific at in the texas. thank you. gee declared in 2014, the development of electric vehicles was the only way china could transform from what he called a big automobile country to an automobile power. less than a decade later, it's risen to the forefront of the electric car innovation. chinese companies are making high end models that rival tesla, as well as german automakers and china is expected to remain the leading country

for electric vehicle sales for decades. are more electric vehicles will be sold in china this year than in the rest of the world combined. the country bought one out of every 2 electric vehicles sold in 2021, and up to 6000000 new electric vehicles would be registered in the country. this year will tesla had its best ever month in china in september, selling more than $83000.00 cars. autonomy is by far the largest electric vehicle selling country norway, germany, the netherlands, and the united kingdom. all had high electric vehicle sales per 1000000 people last year from new york on join. now by daniel i, daniel is the managing director of senior equity analyst that wed bush securities. thank you for joining us on the program. daniel, how did china ends up dominating the electric car industry? i mean, this really goes back, i'd say to last decade. i mean, they were always innovative in terms of realizing electric vehicles is really going

to be the biggest transformation to the auto industry. in the last 4050 years. it started with i p, the domestic players, the near the ex thing, the b y d. and then companies like cash or open arms in terms of that, specifically on the giga side, that's really how china isn't years ahead of any other region. and this is largely down to the chinese government, isn't it without its subsidies that it has provide as incentives for people? would it be as successful as it is shops, these have been key to the success in china. i think of us is starting father model . you've seen some that europe as well, reading china and they do have been too deep in the pool when it came to e. b 's. and this really goes back. if we even think about the last few years, there were some 4 in the road. norman's landing subsidies really came in significant for the domestic players, but the international key as well. i mean,

that's why has opening up their giga factory in shanghai was i would say a watershed moment for chinese, the, the industry, the us now to try to catch up on the electrical vehicle market, implementing its own new policies and incentives. but can they catch up to china? massive lead? yeah, i don't never see them catching up. i see them. can they start to get on par with europe? i mean, look, china today we're time 1230 and return automotive that the us to and a half percent lot of would to chop to get there. you know, i mean, need started to weigh out some initiatives in the, by the ministration a lot more infrastructure building, where they were seeing signifigant sir progress. but it's going to take a long time to see any short of, you know, i think improvement. i think we're going to start to see that 20232024. but if the cared and the stick approach, and i think that's really going to be the key. britney bees in the u. s. how have

the friends of the electric cars in china shape the global electric vehicle market? would we see similar investments if china hadn't gone so hard? know that guys, when it comes to movies, as well as a i, those are 2. com armed races going on between china as well as the us and to last in the us wants to be as a wagner when it comes to electric vehicles specially attached to the u. s. company . but i think this really just showed that they were early. i think it's, we're now that there's a massive transformation using gm for and others that are really going all over the next decade. but there have been some seminal moments. and ultimately, it was really china that was the head on even the domestic players, the nears the ex pings and others, there's been shiny objects that they've really been able to, you know, ultimately award. let's talk about the manufacturing of batteries which outside of

china and some parts of asia, is pretty much non existent. how big a problem is that if the world is moving to ed's electric vehicles by the, it's a problem in terms of, we'll call from a supply perspective. i mean with the m raw material that's going to be an issue as we go in 2001 report, 2025. you're starting to see more manufacturing builds in the u. s. business. some of the incentives. both china continues to really, you know, own that battery technology. and i think what we're going to start to see is a balance of power. you'll start to see more in the us, potentially more in europe, but at least for now and why that's going to continue to be in china because that's really where a lot i've been from an e v perspective. and briefly we've talked on this program about the semi conductor controls that have been imposed on china. what impact is that likely to have on china's electric vehicle industry? again, the jury is still out in terms of how that's all going to play are clearly there's,

you know, that there's a game room going on between us and china, where it comes to the, the semi wars. i think it's going to be contained in terms of what ideas the impact that china. i think more when you start to look at and sat and you look at a i in terms of from a chip technology perspective where maybe it's more of an impact. but just like china, you know, continues to own the e, the industry for now that shift. i think that something's been a shot across the bow and there could be some ripple effect negatively as we go in 2023 for china. we're going to get to speak to daniel ives, mother, all right, to senior equity analyst wed bush securities. that is for this week, get in touch with us by twisting may at money site and do use the hash tag a j c b. when you do order up with an email accounting to call out there at dot net

address movie online at al jazeera dot com slash ctc take you straight to our page, which has looked individual reports linked an entire episode being used to catch up on that is it this addition of counting the cost money side and the whole thing, thanks for joining us. the nice on the november on a jesse either as the footballing. well, the greatest tournament kicks off. all eyes tend to cattle as a prepares. the spectacle, like no other old ways for new days. first nations frontline discovers how traditional knowledge is helping solve modern problems. israel holds its faith general election in less than 4 years. will this round voy line to its political crisis? generation football meets the inspiring players, tackling social, political issues on and off the pitch. americans vote in defining mid term

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