they don't need externally powered pumps to replenish the water supply used to keep fuel rods from overheating. the reactors are, are actually immersed in a big pool of water. and that pool is sufficient to cool off the reactors. there is no power requirement to safely shut down these reactors, so no meltdown. no. still other scientists say as some or is lack of a robust containment system. like the giant concrete domes on conventional plants could present a danger. but us regulators have already approved one companies as some are designed with more than 70 commercial s m. r designs on the drawing board world wide expert say the 1st s m, ours will be operational sometime in the next decade. rob reynolds al, jazeera san luis obispo, california. ah,

this is out there. it is, your top stories. russia is again launched. missiles strikes against the ukrainian capital. several explosions have been reported in keith, moscow's accusing ukraine's government of attacking its black c fleet. the un humanitarian chiefs as the deal that allowed the export of ukrainian grain remains in force despite russia's announcement that it was pulling out 12 vessels, carrying grain left ukrainian ports. on monday, the turkish president says, his government is determined to keep the ukraine greendale in place. where civil side has mo, from his stumble, the united nations and the turkish delegations. they have agreed that they are going to add to in general, to inspect around 40 westhills and the ukranian delegation have accepted that and joint coordination centered say that russia federation also have been informed. but

did the ships that are wave him in the stumble, there are not just those who you that you see behind me. there are $97.00 west souls around the stumble that are still wave him to be inspected. louis the necessarily la d'silva is one present presidential run off election making a historic political come back a left wing form. the president defeated outgoing j a bull snar i less than 2 percent margin. yes, t, the most essential task is to ensure that every child, every woman, every man can have breakfast, lunch, and dinner every day. we're going to bring back the ministry of culture. we're going to create a public commission. so that culture can become something that everyone has access to. so that culture can become an industry that produces jobs. those who are afraid of culture, of those who don't like the people and who don't like freedom at herself from a badge collapsed and india has risen to at least

a 141. hundreds of people fell into the river when cable supporting the pedestrian bridge snapped south. chorus president has joined mona at a shrine to the victims of a crush in soles. it's a warm district of an 150 people were killed in the crown, such on saturday. as your headlines coming up next is counting the coast. ah ah, 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, but the economy is weakening, honey fix it. also this way, 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. china's electric vehicle market is booming to why is beijing so far ahead of the u. s. and europe and 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 cubs on a deepening property crisis. now, critics, if the chinese leader mainly blame the weakening economy on his policies. yes, using paying has given few signs of changing his approach often consolidating his

hold on power. g insists the economy is resilient and has promised to deepen economic ties with all the countries as he begins an unprecedented fed term as leader of the communist party shoes. you find that? yes, she actually 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 foss, economic growth, and social stability. china will open its stores if 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 tough with managing the world's 2nd largest economy and stocks in hong

kong slumped and the u on weekend 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 machine pings 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 and say he has prioritized political control and national security above economic growth. he has long sweeping crackdowns to rain and industries, including tech giants, 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 has also double down and 0 cove had locked downs must testing and border controls which continued to cripple economic activity. joining me now as sally, you senior practitioner fellow with the ash center, khalid 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 economy is doing. hi, good morning, melinda. first say it 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 for your 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 seas plan to make the state sector bigger, better, stronger, and he's gonna killer off the chinese economic growth in 3 take high take manufacturing bi, added to the fastest, across all the industrial sectors into 3. and so there is a whole of government approach in pushing the growth off. china saw high tech

industries and the number 4 really interestingly, i say means the car to saw a sharp rise in 2021. chinese save the despite co bit over 2 june 20 truly in r and bay, almost a $2.00 times the size of china's g, d p. and on average over $10.00 a us dollars per chinese citizens. any comic i sort of g. so tiny citizens are really making choices on the future of, you know, what they see as 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, china can always fall back to infrastructure stimulus in order to see some short term economic growth. but we haven't seen consumption picked 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, surely because

a lot 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 uncertainty which is 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, to, for china not to hit a project to their g d p growth target for the full year. this is perhaps the most though 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 bigger 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 strengths 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. but 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 road initiative. this is mr. she campaign, signatories foreign policy that requires economic growth roof itself. it's already a part of the china's economy 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 slid a 13 month in a row. and 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 the 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've studied 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 they can on motto itself is transitioning. we have heard in districts, fish recently that the chinese economy is comprehensively a, moving into a different path off development to the past of for decades. and as far as how that economic model is going to work out, that really 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 a 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 past is going to become more state centric and it's going to perhaps further departure from the liberal economic i ideal

the west of cherish really interesting to talk to you shortly. you senior practitioner, a 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 paying one china to become a state lead and self sufficient technology superpower, but doesn't rely on the west. bought it, lags behind taiwan, south korea. i'm the united states in manufacturing, advance semiconductors use and everything from mobile phones to weapons of the us is making it harder for beijing to acquire and produce them. 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 not require licenses to export high performance

chips, the 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 hom 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 joy. now bye alicia garcia had at or from hong kong. alicia is the chief economist for the asia pacific at not texas bank and an adjunct professor, hong kong university of science and technology. thanks for joining the program. what is the thinking behind the decision that the us have made to place the sweeping controls on sale the 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 not, that's the, in the 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 lather, whether it's artificial intelligence, quantum computing. so basically in the deep tech will be severely affected, this technological decoupling between the us and china, it's been going on for some time now. has it 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,

on semiconductors. i would say that the impact has been limited. we have seen some impact ways. a very good example is basically didn't manage to develop it, sign the sign of semi come back to 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 you 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 the signed for their own production. this is what i mean. so that way, i think it's 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 halfhearted coordinated expert ban on semiconductors to, to russia, which is basically now let me know chinese semiconductors. so i guess you can,

has shown that it can be done. so what does this leave china? what, what a, china is 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 control 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 if they could produce that uses less advanced to me, come 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. however, from hong kong she missed for asia pacific at and t bank. 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. or 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 $6000000.00 new electric

vehicles would be registered in the country. this year we'll tesla had its best ever month in china in september selling more than 83000 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 direct and 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, that's really good 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 x being the b y d. and then come as

a cash or open arms in terms of that, specifically on the giga side, that's really how china just 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 to fall that model in some that europe as well. reading china and they do have into deep end 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 fork 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 and shanghai was i would tell a watershed moment for chinese the, the industry for 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 1213 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 seen, signifigant sir progress. but it's going to take a long time to see any short of, you know, i think improvements. i think we're going to start to see that 20232024. but if the carrot and stick approach, and i think that's really going to be the key, britney bees in the us. how have the friends the electric cars in china shaped the global electric vehicle market? would we see similar investments if china hadn't gone so hard?

know that guys, when it comes the e, b 's as well as a i does your to call arms, race is going on between china as well as the us and look to last in the us want to be as a wagner when it comes 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. we're seeing gm for others that are really going all over . ready 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 news, the ex pings and others, those even 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, why need to prom 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 u. s. 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 gonna play out. clearly there's, you know, there's a game of thrones 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 i view is the impact to china. i think more when you start to look at handsets and you look at

a terms of from chip technology perspective, that's where maybe it's more of an impact. but just like china, you know, continues to own the e, the industry for now did 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, to senior equity analyst at wed bush securities. that is for the week, get in touch with us by placing me money site and do use the hash tag a j c. b. when you do order up with an email accounting to call out 0 dot net address this movie online at al jazeera dot com slash ctc takes you straight to our page, which has a look individual reports linked an entire episode being used to catch up on that is it this addition of counting the cost money inside the whole thing?

thanks for joining us. the nice on out is there a ah ah ah, ah ah .

informed opinions, i believe that armenia and other regions should have bilateral negotiations. we've been calling that khomeini time. critical debate is the commonwealth still something that king charles will take on inside story on al jazeera? ah, which is great with oh, all russian ass strikes on cave, another cities a day off to moscow, pulled out of a deal.