biggest economic power after the united states let's talk a bit more about this with my colleague clifford coonan who is our resident china expert clifford the. capital per capita g.d.p. in $149.00 was just 50 roughly $50.00 today it's $10000.00 that's quite impressive how did that happen it is certainly impressive i'm in the biggest story of social transformation the world has ever seen we've seen the emergence of this what is now a middle class where there was no middle class before a very very small part has happened has been a process of reform combined with some backward steps as you pointed out in your introduction we had the great leap forward which saw millions die of famine but at the same time it. has been a gradual process of reform which is led which created the conditions and in some ways it's been almost over the past few years with the communist party not getting involved in things and by by allowing what seems to be this chinese energy for production and entrepreneurship to flourish and i think that's one of the big contributions talk about this entrepreneurship because you can st

side of the at this side of the world all right and dragging in singapore thank you so much and clifford coonan thank you for your time as well. well south korea central bank has cut its policy rate to a record low to counter the flagging economy and a downbeat growth forecast bank of korea governor jew you all said economic growth would slow by more than expected because of global trade disputes and worsening geopolitical risks central bank lowered its key interest rate with for that using on the horizon or more. the british pound has continued his volatility amid the ups and downs of last minute breaks of negotiations ahead of a crucial e.u. summit on thursday that the ongoing uncertainty is also leaving its mark on the british economy latest data trickling out of the u.k. shows the number of people in work full and the auto industry expects big job cuts . these rolls of fabric will soon be covering the seats of luxury motor cars and buses the uni royal global factory in northern england is only the 1st stop in a long journey for the materials which leads through countries like romania and th

2nd time all right gentleman very hard barge the china expert with the bertelsmann institute clifford coonan with w. business and in washington bradley bowman the foundation for defense of democracies gentlemen great discussion thank you thank you. the impeachment proceedings against u.s. president trump are moving along quickly and the allegations against him are widening geographically after ukraine the latest revelations showed up fresh uring the australian prime minister to help him get some information that could maybe help him profit politically the u.s. president asking him to investigate the origins of robert bowler's probe that found russia trying to swing the 26000 election in the republicans favor the u.s. secretary of state might pump a oh he has hit back at house democrats he is accusing them of bullying behavior by calling 5 former and current state department officials to give depositions this week trump's personal lawyer rudolph giuliani is among those under scrutiny for trump's dealings with ukraine. all this nonsense about identifying the election i gathered all this eviden