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tv   Counting the Cost  Al Jazeera  March 11, 2023 1:30am-2:01am AST

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the gear mo toros pinocchio is nominated for the best animated feature film oscar. it's already won that category of the golden globes. but this exhibition here at the moma is about a lot more than just recognizing the director. the show ends with a board with all the collaborators, photographs, everyone who worked on this film. i think people leave and see the faces of the people, the crated. what they've just experienced. it'll be inspiring for them. and exhibition that's as much about those who made the art as the art itself. gabriel's dondo al jazeera new york. ah, i'm under the top stories here now to 0. saudi arabia and iran of announced their resuming diplomatic relations. a kingdom broke off ties with iran in 2016 cut out
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united arab emirates and lebanon, are among those to welcome the news that he a was broken by china with officials meeting in beijing. saudi arabia's national security adviser says the agreement opens a new page and the relationship between the 2 countries. no. oh, it is a pleasure to reach such an agreement to day. it is the results of the in depth discussion. we have this week that gained the support of the leaders of all 3 countries where they also included a detailed review of the causes of disagreement and how to deal with the kingdom was king. but such a discussion will take place in the framework of the brother, the tides, the bring together, the 2 countries and of opening a new page based on the commitment to principles and objectives of the choices of the united nations and organization of islamic corporation and international treaties on norms, the u. k. will fund a migrant detention center in france as part of a deal to stop asylum seekers and migrants in small boats crossing the channel.
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that's one of the package of measures that will cost the british government $577000000.00 over the next 3 years. it also includes more french police patrols at the coast and supporting technology, including drones. police in germany say, a gunman who killed 7 people, including an unborn child, and had jehovah witnesses. hall was a former member of the community. he's understood to have taken his own life as offices, entered the building in hamburg. and his 44 people had been killed in an attack in easton democratic republic of congo. the military says a village in north keyboard province was targeted by fighters and leave to be from the allied democratic forces and uganda and armed group that's pledged allegiance to iso. george's parliament has dropped a bill at protest is feared, would silence the media and opposition. and legislation would have force media organizations and engineers who received more than 20 percent of their funding from abroad to register as foreign agents. tens of thousands demonstrated warning. it
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was a move towards russia. as the top stories come out next, it's counting. the cost. one is for you straight up to that thanks for watching i the dakota oil pipeline snaked through indigenous land but no without like a fan book right in front of the building and they will, she beaten a great state and so it protected the on the 8th and self proclaimed, which had protected the women of standing welk on out it, they ran, ah, [000:00:00;00]
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with hello, i'm adrian finnegan of this is counting the coastal al jazeera, your weekly look at the world of business and economics this week, china's choosing ping accuses the us of blocking his countries rise at his government sets the lowest g d p target in decades is pages reporting both of us. will it outpace the u. s. also this week, the u. m. cold for a revolution of support for the world's poorest patients of the summit and dough hop. the president of below week tells us how least developed countries could reach that full potential plus cutting edge gene therapies, a potentially life saving medicines. the drugs come at an astronomical price. come a cost people down at who should foot the bill. ah, choosing thing heads, it is the thomas, china's president, with sweeping changes to financial and tech regulation. the chinese leader is
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bracing for a tough competition between the world's 2 largest economies, and he's made it clear he considers the u. s. at important threats to his country's growth, blaming what he called an american lead campaign of suppression for his nations troubles. she's read direct criticism of season comes after the nations set its lowest g d p target in decades outgoing chinese premier lee could chang announced a g d p target of just 5 percent for this year at the opening of the national people's congress. lee said the government aims to create around $12000000.00 urban jobs, keep the unemployment rate at around 5 and a half percent and boost the defense budget by more than 70 percent. he's also vowed to support privately owned businesses and encourage foreign investment. china's g d p expanded by just 3 percent last year. well, short of the official target of around 5.5 percent. but the economy appears to be
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rebounding strongly after the pandemic manufacturing activity in february, for example, expanded at the fastest pace in more than a decade. however, chinese officials warned of risks ahead. the u. s. as imposed several restrictions on china's access to high end technology over the past few months. but a new report by the australian strategic policy institute found the beijing leaves the world in 37 out of 44 critical technologies. and as in a position to become the world's top technology superpower. among the fields dominated by china, a drones machine, learning electric batteries and nuclear energy. the united states leads in just 7 critical technologies, including space, launch systems, and quantum computing. the u. k. and india are among the top 5 countries in 29 of the 44 technologies. well joining me now from london is douglas mcwilliams. he's the executive deputy chairman of the center for economics and business research
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could to have you with douglas. she same thing. plains washington for his country's economic slowdown. how much is america's trade war? and the export restrictions really impacted china's economy? is it to blame? well, direct sport. so john, by about 6 percent. so it is a partial factor. but i think the recent problems in china have a lot more to do with. first of all, the problems of cambridge and the way it exploded after they opened up a bit. and then the recovery from that i don't think that you could entirely blame washington for, for chinese words. what do you make friend of china as modest economic growth outlook? it's g d p for cost. i mean by, by anyone else's standards, it would be pretty good, but by china's, it's pretty low. you still might be back to say that if you think 5
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percent his mother's just look at what the rest of us again. i mean, when you climb higher up the mountain, the ag center and the possibility of growing it, double digit rates is no longer there. 5 percent for a huge economy like china is still the pretty decent rate of growth. incidentally, it's not ended. the chinese government, full cost, it's also awful cost. we think that's roughly what they're going to be achieving now. and that's a pretty healthy lick for a steady, sophisticated economy. not you think then that the base of double digit growth for china a well actually over now they can't, they don't have the labor supplies to achieve that. and they didn't have a head room. i mean, when you stop for a very low base when your economy is very low income, you've obviously got her daughters up with lots of getting these grow. but china is now a sophisticated because you can't grow sophisticated congress at 10 percent ratings
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moved to type in control of a bodies overseeing the finance sector, the scientific and technology sectors to how do you think that's going to affect the chinese economy? it probably won't have much effect on growth in the short term, but these are the sorts of things that insidious the slowing down your rate of growth over a period of 1020 years. so it probably means that looking at in quarter century as time, there are a column they will be, will have been smaller because of the extent of the government interference at one of the things that you really need in the modern world is creativity. and if the government is trying to restrict creativity, it will slow down the rate of chinese growth attorney and think tanks of the china could be in a position to become the world's top technology superpower in the future. should the us be worried? they said,
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which i think is $10.00 to $14.00 technology. china is going to be in the lead. and i don't think that's a wrong assessment. but i think that talking mainly about physical technology. and as i said in creativity is the biggest driving goals. and i think the way the chinese government is running the is reducing their ability to get the greatest amount of creativity as the chinese population and as a chinese enterprise. so my guess is that they won't do quite as well as the trend and think tank things. while i think the americans have still got quite a lot going on and they will be able to take advantage of their much 3, our environments over your organization had predicted some time ago that the chinese economy could outpace the us by 2030 to 2036, do you still see that happening? it's pretty inevitable that china willing to take the u. s, because the population is 4 times bigger than that us. and so it means that when g
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d p per capita reaches only a quarter of the american, a chinese g, d p, mathematic will be bigger, but there is no price for being 1st in this world, china will still be a relatively less sophisticated economy. and it will simply be an economy with a lot of people in it. so that's the way it's going. it will happen. i'm pretty certain, it's just when it happens is less, we now think it would be later rather than it could even be later than that. it could even be delayed towards 2040, but they are roughly the same size even now. and the gap will narrow as we move all not china's economy plan doesn't involve any, any big stimulus packages president, she is called on the private sector to help and the fight alongside the government . can the private sector be an economic driver and of
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a lack of stimulus packages or announcements on stimulus? a mistake do you think when they run out of ammunition? so it is a lot more difficult for them to push state control, spending and so on. now, with all the packages that have happened, the money that's been used up for the property, venture and so on. but i think it is realistic to expect what they technically call in china. revenge spending, which satisfaction, frightening. but what does that is the spending that was suppressed during the covert period when there was a lot of locked down. so on people bills are huge savings and they're expecting that the private sector will unleash the se and turn them into spending. and there's already plenty of sign that people are buying many more clothes. they're buying many more tronic goods, and of course,
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travel has suddenly just taken off. so it's not perhaps the most appropriate method, but, you know, i mean, travel is exploding as a expenditure item. and i think it is reasonable to the chinese government to expect that the private sector will actually be the thing that drank the economy for the sun. is this modest, as we said, economic target, this g d p, a target actually achievable? do you think? i think it does depend on whether they get another buyer to cove it because the vaccination break old isn't fantastic and it also does depend on the rest of the world. now most of the news we've had in recent months, the rest of the world has been fairly positive and everyone's rising up the graceful costs. and i think back to supported for chinese economy. good total douglas money. thanks again for being with us on county. of course. my pleasure. thank you very much. ah,
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the walls least developed countries or l d. c's are defined as having an average national income of around $1000.00 per person. more than $1000000000.00 people live in those $46.00 nations, and many of them survive on less than $2.00 a day. barely half the population has access to electricity. at early one in 5 can plug into the internet. rising food prices, high debt, climate change and diseases such as coven 19 a wearing them down even more will will lead, has gathered at the un is least developed countries once in a decade, summit in catholic capital, to revive commitments to the doha program of action. the plan focuses on 6 areas, including how to eradicate poverty and hans trade deal with food insecurity at how best to tackle climate change. the u and has called on wealthy nations to provide $500000000000.00 a year to help those nations boost their economies. cutters announced a $60000000.00 financial contribution. elders here is natasha, good aim,
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spoke to the president of below iep on the chair of the l. d. c. group, lazarus, chuck. where up at the summit here in doha, she asked him 1st, how least developed countries could help to solve their own problems. mallory has 2063 to be calm and inclusively wealthy, self reliant, industrialized nation, mid up a middle income. it me is for us, the 1st 10 years that we started our last year implementing our movement toward that realization. every country needs to have that and then align their own vision with the doha program of action. which is a consensus built over the years by countries not just the lease
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develop involving the others, the development partners so that we are working in a concerted effort. bring in synergistic gather that spar exponential development. for example, malory's case we wanted to concentrate in the immediate future on agricultural commercialization and mechanization so that we can grow large volumes, crops, diversified across the section. add value to this same, have many industries across the country. and export, so we earn more money to be able to access goods and services that we may not have present. and so if i could,
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culture is emphasize in the manner we are thinking. even do mega farms to out great extent and then tourism. and then mining, we had a g o mapping of the country with maybe we didn't have anything. and yet they are minerals gemstones that are, you know, being discovered in ru tire and graphite. so we think if we can immediately have investors calm work with us, the story of malawi will be different. so will be the stories of many of these list, develop countries. what would meaningful progress look like when it comes to assisting least developed countries? i see a development in terms of the doha program of action, leading men in nations to graduate. there are certain
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a developmental matters within the program of action which must of necessity be accomplished online universities and stuff like this and shore and the youth and the women are included in all of this processes. it means everyone's hands are on deck. everybody's work in toward the fulfillment of this. there is an outstanding issue of public debts and loan conditions by the ins and high interest rates. how can these things be reformed to help address the specific challenges of least developed countries? the reforms that will demand, even the debt relief that we demand is not necessarily because we just want freebies or something for free. it is because there's
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a realization much of the developed world has soul developed by actually exploiting that the natural resources in a way that has brought more problems than solutions. and so you cannot ass, for example, smaller nations who have contributed very little for example, to this whole issue of cobrin emissions. asked them to do something different from the way they developed and expect that they would do that with that any assistance because they're all manner of things that are happening well, which call for you know, climate justice really and a re thinkin' of the whole process of lending institutions
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where sometimes they're not necessarily giving you a hand up, they're actually perpetuating a dependency syndrome that needs to be broken. and so we need to rethink this things and, and, and asked the tough questions as to, is this really produced in what was intended? how long have these institutions been there? and how is it that others are still struggling? the manner in which they are? the un secretary general slammed rich countries and energy giants for burdening l. d. c's with what he called predatory interest rates. $25.00, developing economies spend more than 20 percent of their revenues on servicing debt . the international monetary fund has been criticized for imposing tough conditions on countries seeking loans. the i m f told, counting the cost that it's pushing for more action on providing debt relief. the
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sec of the general i know has been calling for greater action. the managing director of the i math has also been calling for stronger action to speed up the delivery of debt relief to those countries who, who haven't sustainable. that's and who need debt restructuring. i'm and that we put forward a number of proposals to try and make the process smoother and faster service countries can, can, can restructure there that sooner rather than later. not gene therapy works by adding a new gene or repairing a mutated one inside the body to treat or cure rare and dangerous diseases. the one time treatment could potentially save the lives of millions of people, but that the world's most expensive drugs health systems that ensure a struggle to cover the costs making access to the therapies, very limited. so how can they become more accessible? that question was top of the agenda of last week's genome editing conference in london from where joe hall reports one of the key issues being discussed at this
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human genome, editing summit among scientists, ethicists and policy makers, is the prohibitive cost of genome editing treatments. but red diseases caused by single cell mutations think sickle cell disease, cystic fibrosis huntington's congenital blindness, even cancers and h i. v. the problem exists because of a combination of onerous government regulations in the development of any new treatment, often by companies that a profit based in the private sector. so that the process becomes cumbersome. the costs jaw dropping. lehigh, in fact, one treatment for a red blood disease known as the most expensive on the planet, currently costs $3.00 and a half $1000000.00 for just a single dose. so that it becomes a question, not just of easing those government regulations, but also of securing government funding for research. and that means persuading taxpayers that they should be paying for research into red diseases,
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even though huge gaps remain in treating common elements. so while the technology exists, that could help the lives of hundreds of millions of people around the world, taking it the main stream could become one of the next great horizons of human genome editing. who, joining me now here in doha, is colin baker al 0 sires editor calling y r gene therapies. so expensive scientists have new tools and techniques that can correct the human genome inside the human body. that's a very big deal. we're and we're talking about serious diseases that affect a small populations with great severity. so that's a tantalizing problem to solve. the problem is it really raises 3 difficult issues for the market. one, you have a small patient population too. you have drugs that are very expensive to develop and traditionally have taken a long time to develop that might soon change and 3,
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these are one time use drugs. when you combine those 3 factors, you get a real question about how to price them. and the pricing that we've seen has been astronomical. we see a new record breaking drug almost every year. now drugs for blood disorders, for neurological diseases, have soared above $2.00 and $3000000.00 for a dose, obviously big. charlotte leads a return on its investment, but the price is fair. furnace is a really tough question to answer in this particular environment. because you do have a lot of scientific questions that still need to be answered and an avenues of attack that still need to be resolved before we get to sort of a mainstreaming of these types of drugs. how to deliver them to the places in the body where they're needed. you know, some diseases are easier to attack, perhaps in the bone marrow or in the back of the i a certain genetic blindness that's inherited. and these are places where we sort of know how to deliver drugs, others for say, muscle, or perhaps diseases that affect the brain. and the central nervous system might be a little harder to deliver. so some of the techniques and technologies that are
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required to get there still require investment, but when it comes to fairness, the regulators are asking the same question and you have some drugs makers in europe as well as in america who pulled their products mid development because the regular simply said, look, you can't charge more than a certain amount for this drug. and the drugs maker said that's not sustainable for us. and they old mid development, leaving those few hundreds of patients with very serious conditions in the lurch, which seems desperately unfair. ultimately, who should foot the bill of, in a public and private insurers ready to step up and, and, and pay the session oracle costs. it's difficult in canada, you had a family that spend that raised over $3000000.00 to try to fund a therapy for their own child. they, they raised that through, through sort of means, like go fund me in, in europe where you have single payer health care systems. you know, you are going to have panels deciding how to allocate these resources in the u. s. where you have private insurers and you have families putting the bill, you'll start up companies that are going to try to figure out financing methods. you have guarantees within the treatment plan that if the drug fails,
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some of that money might not be owed. but if i mean in the end for, for instance, the sickle cell therapy, that's presumably going to be approved by the u. s. f. d a this summer. this is a partnership between the drugs company that wants to make this drug and deliver it to say 30000 people in the coming years. but at the moment is working with academia . and so you have the, the sickle cell patient coming in through a trial program funded by the university. there are cellular 6000000 people with, with sickle cell, most of whom are in sub saharan africa. were many people as we were hearing earlier, a poor, there's no way that they can afford this kind of a therapy. is it going to be available to them? this is a really interesting problem because in africa, you do have these, these robust genetic, a sequencing data basing research efforts led by groups like h, 3 african, many of their representatives where we're at this conference talking about how, how a pipeline could be developed to move some of these therapies from the places where they currently are, and it's just inevitable that they will be in places that are highly resourced at
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the moment. because you do need large support teams to deliver these therapies. it, you need complex systems and some of the resources that may not be available in, in, in, in, in facilities in the developing world. how to move these therapies to the developing world. and some of the research that is being done on the african continent is going to aid that effort. one of the big hurdles that, for instance, the melinda gates foundation is trying to overcome this. how to move some of these therapies from a procedures that are done out of the human body, where you remove cells edit and placed them back in with, with, with a fair amount of infrastructure around that process to something that can be delivered in the human body. what's called in vivo when we cross that barrier, for instance, for during sickle cell or for addressing some of the complications of h, i v, you know, you can really start to see some of these therapies, although the costs would remain high, being available to be delivered to the places where they're needed most were not there yet. the big question will cost eventually come down and when well, will an inflection point come is a really important, a sort of goal to try to reach and, and there are many research organizations and,
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and private companies that are trying to get their news therapies and new technologies like crisper, which has only been around for about 10 years. crisper cas 9 is a combination of a protein and a bit of genetic code. it was found in nature. it's, it's both amazingly accurate at being able to, to reach targeted genetic mutations and also correct them either by deleting them interfering with them or even replacing them with a cool, with, with the gene that functions. this is a model that some scientists liken. it's not the same, but likened to the m r ne approach we had after covered where you have one platform that could be a tuned to attack a spectrum of different types of disorders. that's extremely interesting. and then as you get some of these technologies approved for, for the delivery of these drugs, you know, you sort of have an iterative process where you have generations of drugs that follow. so it is believed that that, that we will see sort of a roadmap to, to, to cheaper options and more widespread options. but we're just at the beginning of
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this process now. colon. let me, thanks and it a science editor, colin baker. and that's all show for this week. don't forget if you'd like to comment on anything you've seen, you can get in touch by tweeting me. i'm at a fit again. please remember to use the hash tag a j c t c. when you're 2 or you could drop us a line counter, the cost of our 0 dot bet is our e mail address. as always, plenty more for you online. at al jazeera dot com slash ctc. that takes you straight to our page there. you'll find individual reports, links, even in time episodes for you to catch up on. but that's it for this edition of counting the cost on adrian finnegan for the whole team here. and though how, thanks for being with us, the news on al jazeera is next ah, ah,
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with the dancing in bowling political is an important part of indian culture. it's no surprise and many people want to vote can be one on that. and one for bianca. sorry to bug family expectations and cultural tradition, i guess the way now do i sign up with the reality of working in and become forgiving industry hollywood with ah, saudi arabia and iran agreed to restore diplomatic ties after 7 years of tensions and a deal that china hoped to broker ah

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