—— leaving behind deng xiaoping? leaving behind and shaping? ure is china is a different china nowadays. it is not china just after the cultural revolution. ordinary people have already enjoyed prosperity. but i much hope xijinping will already enjoyed prosperity. but i much hope xi jinping will continue to produce that sense of economic prosperity, somehow to provide legitimacy of the party. now let‘s get the weather. this cold snap has been well forecast for some time. it won‘t come as too much of a surprise to hear we have very wintry weather ahead. disruptive heavy snow with bitter easterly winds, lots of frost, eyes, and some wintry sunshine as well. easterly winds developing through this week, drawing in all that cold air from siberia and northern russia. during monday western parts of the country should be largely clear with some sunshine. in east we have more cloud, with snow showers in eastern england and eastern scotland. first thing monday morning we have those snow showers will stop to butchers subzero. we are likely to see widesprea

ching ping has accrued more power than anyone else in china since mouth and deng xiaoping. says you. should be paying the superstar who will lead china into a glorious future this message is not only broadcast to his own people but to the whole world. the must depart for him the party's power comes above all else and he's the on challenge head of the party he's the most powerful man off only in china but possibly the whole world that he knows and from what you know in that it . several days before the party congress party members are already flocking to these exhibition grounds in the heart of beijing. the party takes stock of the past five years successful ones of course all thanks to g. jinping. has done so far i'm very proud to be chinese china has developed very well in the last five years love i hear a vision paying is great everybody knows that he's done a lot not only for china but for the whole world and has brought prosperity flatterer that you would have wanted as we now call him uncle she he's a great leader and he can develop the country even further we're also

multiple mao zedong made china great deng xiaoping made it rich and now g.g. in pain wants to make it strong the chinese people will have no objection to that as long as they have something to gain from it but not all chinese are benefitting equally from the boom china is home to more billionaires than ever before but the average citizen has to work hard to make ends meet. everyone in china still seems to be pulling in the same direction but this could change quickly if the gap between rich and poor continues to widen. as yet china success can still be felt by the population the in family is one of many who have benefited from china's economic growth in recent decades. in europe they'd be called prosperous middle class they have an apartment in the center of beijing a car and they take vacations both spouses have good jobs and their daughter has a sheltered childhood. five years ago we didn't have this house but thanks to our savings and the fact that our former apartment went up in value we could afford this larger apartment in a very beautiful area. we are v

the really interesting thing about this to me is that you mentioned deng xiaoping, who set in these rulesthe mao era. but xi jinping is such a huge figure as chairman mao. he has huge ambitions for this country, both domestically in terms of dealing with pollution, its growing but slowing economy, problems of corruption which he believes, or certainly those around him say is about dealing with legitimacy for the ruling communist party in this country. as it looks out to the rest of the world when he has ambitions for china to become a far more modern country with a far more modern military and to have a far more influential presence in the world. and in his speech he made to the congress meeting to the communist party late last year he made it very clear he thinks it will take longer than just ten years in office for him to complete that. the ambition extends to be made 20 30s which sends a very strong signal that perhaps he wants to stick around, to be at the helm to ensure he can be in charge to get china to that place. we know he is a leader who admires president putin in russia also a

earlier, deng xiaoping tried to separate those two things out, saying we must have procedures.ty back with the state. obviously, we go to a more than two term president, as well as an indefinite communist party leader. it is a recipe for that kind of strongman rule.|j party leader. it is a recipe for that kind of strongman rule. i think it is really interesting that the party made this decision to collectivise and institutionalised power. what is important to remember is she is one man. —— xi is one man. the party made a decision they wa nted the party made a decision they wanted a change full stop that reflects a sense that although there was a time when collectivise in power was needed, there were too many power was needed, there were too ma ny vested power was needed, there were too many vested interests and corruption had crept in and perhaps a sense it was not a sustainable model anymore. i don't think anyone anticipated the changes and the speed of the changes we have seen. do you see it as a change from weakness or strength? is this because he can do it, or because they

that was set up by deng xiaoping .is significant in that respect, and it is significant to the degree to which this decision was made. anna: tom, good to see you. how significant is the timing? it is something that was muted at the end of last year. we saw this coming, didn't we? >> we did. it's not a big surprise that this has happened, it's a surprise the manner to which it has happened, the excited miss managed toesident xi accumulate power and rewrite the constitution, to rewrite the barriers around the presidency. he has been able to do this right at the start of his second term. that's interesting. the state media say it ensures continuity and stability in the leadership, and that is why it is being supported, they say. manus: thank you very much. tom mackenzie with the latest in beijing. let's bring back in our guest, from prime partners. francois, good to have you with us. when you look at xi's tenure, if i look at what he has done and what it says in my mind -- rebounds the economy, liberated the yuan, hit dow

potentially domestically political implications as well and anbang was a company in discussions of deng xiaoping jared kushner at one point last year around potential discussions last year. anna: a story with many threads. you very much. tom mackenzie joining us. let us move to japan. kuroda.es for the acceleration in inflation is outlook thathe boj the market outlook was looking more normal. jeremy stretch is still with us. let me show you this chart. this is 7942 on the bloomberg. you can point the white -- to the white line which has stalled. excludingpanese cpi fresh fruit. looking back to the middle of 2016. you can sense a general upward trajectory. jeremy: i think it is a little harsh. i think we have moved away from . discussion of disinflation we are no longer talking about the downside risks. the fundamental story in japan does look more supportive. i think the key question here comes back to the debate about the u.s., the wages. that is the missing link. we need to start to see wage growth coming through. we will watch at the upcoming whichegotiations particular interest. i think the

coffin of collective leadership, a system that was set up along with the transition totem under deng xiaoping to ensure china did not go through the chaotic leadership it did under mao zedong when so much power was concentrated in one man's hand. the fact that we are moving squarely away from that indicates the power the has 20 centralized system of government, closer to a one-man will system in china. he is already the head of the military, already the head of the party, the most powerful position. the change around the presidency allows him to have this triangular, trio of leadership stakes or hold or leadership stakes that allow him to push through his agenda. inre wasn't a surprise around thethere was timing, that it was so early on in the second term of his presidency. the party congress in october, there were no obvious nominees to take over for president xi at the end of his second term. withad: it is surprising the timing, so early in the second term. is there anything else we can really look for that would perhaps -- tell us why it happened now? >> certainly, state media is saying th