economy, it's a pleasure talking to you, so thank you so much. ignore w o i s as a child didn't live activated. russia? yes. hi breaker. it is the 1st time the chest champion is charging games over the past 3 weeks and did with us even 77 sundays file competition. the grand prize of to when you do plays with the witnesses, take 60 percent. well, that's all for this news. our lots and lots of really interesting stories that we'll be back in for a we're everything is

true until it's false. that's the basic trajectory. well, today, the american or western dream of prosperity weekly losing its shine, but what is coming to replace it most and senior researcher at the institute of economic research to talk to you. thank you very much for your time. give us a conventional framework for understanding international economy. i wonder if the last 5 years starting with anything in the recent changes triggered by the ukrainian crisis out. no, this was, this was what i thought was going to. i think that when we speak up for that girl, what you say? sure. what is the west is protecting it, industry led by china is promoting it. so what you have an applicant to and it is clearly into was this new american. so the tax changed. it said that it weighs we're,

we met the conversations of china with new gray. i have the pressure that guess we are having were emerging nice economic might. that is giving the world to stability foreign exchange markets and international financial background, shane or the you own the system and it is a parallel architecture. big girl. any further? let me ask you this question and i understand that a strong, powerful, and fortunate economic system as the thing itself sustainably without excesses. no, not the economic leadership, political to germany is not something permit me, 2 centuries in this case. it has lastly, around the year, 2000 part of it, problems inside the states made this thing,

know the record number with me or call them and cause him because he thinking he was lying on the news of the truth. so what's happening here is of the truth, the power that he's sending, the truth is it gave them. that's what's the last, the last that is coming out to washington. now speaking about this truth coming, is that the center of can on the my a shifting in and nothing is printing, they are familiar with that theory as well. why do you think the americans affirm that had gemini, both in economic and political terms, while all this trying to create the most beneficial, transitory can, nobody likes to lose. that's clear. i really just lost because they had a war. essentially they want the war. it's imperial power. yeah. but it is waiting if your nose skier, that there or is league,

but they don't want to search by whatever it's lack of understanding on what role charge mrs. yet on the international court, i'm in china and i was a bit surprised with a sense of a condom when for over and that they are finding on from the us dollar the instruments to question by others. so i think there are new seem what has been there are strong boy to what appears to be showing up. now, if there are far more strong gravity. and i, i feel reason before that the united states has declared a cold war against such a broad metaphor. what do you understand as the main need be decisively one by either of the sides to know when the situation and the as to go competition. the u. s. is in 1st lost it, so took long that the precedent up in 10 cent something like 10 years ago,

producing chips. and he said it the squint. let's make chicks in china and for us it's the sun. what happened was look, how nice, very, pretty oh, to produce what they did to produce. that's the problem because the money park is that the sign they were working together very well until the you and dazzling this war start. and they have the will, whatever. now if i understand they're your idea correctly, you believe shall global reality, and it may be over for the united states because it is, but for china and other asian power houses, it's a flavor in the character if the needs of the east left wrong are the ones we observed are as led by the west. well, these are a larger of bull percentage. and because the middle, the other side, what is an expansion?

and the big of enter africa in entered africa in the world. he didn't the energy p, also fuel own renewable energy, helped according to the voice of america, re dorcas in near consultant of benito. so they seem to be less bargain with their own groups. so it has yes and as of different logic growth i would speak now. here, rob ross will session will energy leadership, which i am trying to please the 1st step or called major chain by the chain way c and tried or sunday in they seemed to be leading this electric distribution the firms around well, the russian to i'm in, they're buying a lot of, for russian and you've written before that the addition of economic sanctions against russia over there in terms of consolidating it's,

it's turn financial. i would not have foreseen these type of secondary consequences which are why do you think they still move? they had and did it in such a belong, betsy, in 2005 david into china was going to give that chinese an early that the garage. and they did not understand bassetti deluxe sort knowledge and transformed. but they did not see it. and now and then they called us out on the las rhoda and nothing i, i and they believed their stuff that maybe there was some going to say, look, i have a currency. i have a central park, a payment system that they did not. i did not see when, when conscious they did that. she that one. 0, so they speak with which that change center in the we can you look at the church

there on struck it a complete one. it took 50 years. i have to tell you, professor gar teacher that i'll just like the chinese, but we will be back in just a few moments they tend. mm hm. mm mm. the term strategic autonomy sounds good. the word strategic conjures up as he presents a sense of independence. but when you consider the french president, wonder if he is a serious person after all, europe is. i look forward to talking a robot must obey the orders given by human beings in case we should be very careful that artificial intelligence. the point of is i would like to take on various job

with ah, a, an economist and senior researcher at the institute diversity of mexico, professor, or titian. just before the break, you are building their financial infrastructure. you also mention that that would be operating in your on and that much more china has to do to become truly immune was sick it that how did bruce of they can now authors what they can further is having a very little it's and broaden their international ensure they have the r, 5 largest banks in the world, so they can complete international commercial. you also manage market than the length to which they went in. this which are still putative american allies. i understand why the interest of saudi arabia enjoining how hands when we there are

several programs. the 1st ball was there was no neat to do that. i wear glasses and they are taking their association with a us with a they were promised something with our innovation on the west come out. there's something spoke with. so as and talk relies. so this thing because shogi murder in turkey, oil price, and so garrison area. no, i'm not. so that's one thing. the 2nd, so the mistakes when they have and the us shown us the world. if that's all as his change for the present with then they agree, clear agreement. they broke it clean, different visuals on them will be an hourly rate for one piece of

ordeal or, or more inclined to remain broken by us at least then. but they're dealing with raw materials, they've technological signs, while you go to china to work, what we are now seeing are middle sturdy in the area and pakistan east diabetes work in the us and they can work anywhere. so oh, i think that's a matter of fact. now, let's talk about how these giants and by that i mean the united states in china positioned themselves. because if we just just oppose their official slogans of what washington and beijing offered to the world. the former talks about itself as a shining city on the hill, whereas the latter refers to humanity as a community of common destiny. and i think it has a very telling difference of focus me versus we. and

i wonder if you think that the china can truly stay true to this plan of common destiny, to refrain from using its increasing power too much and too much to its own advantage. i'm not sure it will mature into that. and so far, what they appear to be doing is securing explicit. and that is secure with a state she then is me. and i anybody to organize the world around so far? no, that's going just much for a while we maybe it's a matter of time. i don't know, or maybe it's a matter of i don't know that there that will be made to be seen. but what's the never done? either the shift is happening or we cannot deny that there's

a ship going on. and that we might not share a few things of the chinese, but we don't share a few things on the american site. so maybe that's the way the world is making a very good at that or for learning and analyzing other countries history because i know that they were very good students of the soviet system. and they managed to take some of the good things that even the soviet have not been able to use to the best way possible. so perhaps the chinese could learn the american history as well . and the abuses of the american economic system and political system for their own advantage, because after all it, so when, when the a true when, when can make the system sustainable and, you know, amicable to anyone in the world but backs china to happen completely. they have to become globes user friendly to the global,

so they built a must become user friendly. everybody must see them as a natural. there's a main trading partner. not only is the main lender, not only the shadow technology, a logical change, but they must see them as a friend. and so far as the pressure they are rather more seen a spark nurse than this trends. that, that at that shipped the metal material. can i also ask you a couple of questions about the american system which used to be a global dream? and as we discussed, it's in a deep crisis, not only internationally, but also domestically. when we look at the level of public, the state of infrastructure, social welfare, the level of crime, the level of addictions, what would it take if not, reform done at least to bring it to some sort of self sufficiency and balanced

level? well, there are a couple of things. first, i think they're going to meet tennis ronnie on external deficits. 6 percent of gdp continuous. that's one thing. secondly, they need to produce more. yes. they need to produce more. they need to trade more . a dozen means of racing, the levels of or the period, the richness, or reducing the ent, priceless of their goods. it was 11 to buy an apple telephone that it costs twice. when the chinese cell phone cost will clearly have under, by a chinese circle. so they've been, we've july saying look better what they are producing under costs of the producing and look better how they're going to

we buy once their economy still to net complete gas and the cost to the rest of the world. so that it is out of balance is that we are all adjusting. so we are growing international reserves to buy the treasury bonds, to finance or deficit, which is ridiculous. we should be growing more and world growth should be more balanced. and right now we are very, very biased. any bias we should, we should have a more equitable welders. yes, absolutely. and i think it's bias not only to the rest of the world, but also to many americans. i'm sure you have many american acquaintances, and i think many americans don't feel that our system is treating them them fairly . now given that we are entering the next presidential season. right now,

do you see any real potential. busy in the system actually reforming and south given the, the candidates that have put, put the personalities on stage so far. do you see any understanding of what things really are within the american economy? well, the democrats believe that i'm a very dynamic economy. and that's the way they look at the world that and if they think that china is an enter competitor, they have a serious phone. so and that has not changed a lot. i think that was yet in spine to the other day. and it was like out it's point inc or talk and the counselor were relations. so no, i don't see get any change and i changed jobs isolationism won't leave them anywhere. it has not let them anywhere so far. but yeah. so regina,

we are, trump, is responsible for the largest growth in us that in history. well, the democrats also not far behind, but as you said before, you know, then the rest of the world has to mind its own business. and it seems that for the 1st time in many decades, we have alternatives of how to leave and lead leave, and hopefully that will remain his fessor garcia has been great pleasure and great honor for me to talk to you. thank you very much for that urgent stewart and thank you for watching hope to see her again on the will depart. ah mm hm. mm.

oh, a when i go to the spikes, why you clean since leave for civilians, dad and 2 other wounded in the russian border region of reality. according to local officials, also ahead in the stories that shape the week. we are at the construction side of tech is 1st nuclear power one who you and this is multi 1000000000 dollar joint project between and for right to here is a 1st nuclear power problem built by a russian company receives the official state as the 2 countries didn't take part

in no great, and so many via b ages, richest banker says the u. s. currency is at least 4.