they are are guo 3ñshuqing. >> i think the economy is doing too much and the business and education andalso scientific research and other area but we have some advantages in some areas but even in that area we need some reform restructure. >> charlie: and you can say that with no fear of worrying that me h somebody else in as important as youre will object to you saying that? >> ah, we have different views it's good. >> gao ziqing. >> i've been back here and i always find myself on the defending side of the system trying to explain to my countrymen where the system is suriornd now i findt more and more difficult to do that ee especially after in the economic field and political field so people start to think well maybe, you know, the reason why our system has been here for over 2500 years is the reason. >> charlie: and gao ziqing. >> the china and the united states have relation for three yearand we come along way and accomplished a lot but if we want to continue t make progress i think we really need to trust the other side. >> charlie: chinese business leaders on china and the united

between united states and china and introduced by them by the chairman of morgan stanley and begin with guo shuqing and it's china's mortgage lender and i am pleased to have him at this table for the first time. tell me how you see china's role in the economic world. >> at the moment i think china accounts in terms of exchange rate is 20% of the total of gdp in the world but in terms of the ppp, according to world bank and mf it should be double. it means 18% around. just because we in the past few years china's economy grows very fast so in terms of incremental figures china accounts for a lot. >> charlie: and china's w trying to move from an export economyo a consumption economy. give us a sse of ho fast that will develop and what it will mean for the rest of the world. >> it seems that in the past time we have misunderstanding about china's economy and exporting, investments. we're largest in consumption economy in the world in terms of housing and clothing and everything. at the moment we have ough auto mobile is number one and have 1 million to sell to the people but this year 20 milli