it's really gila county in sichuan province. do you kiddies to the south of the mountain min jiang is an important place in the border area which by six ish one inch and she. it's named after the min jiang river. this difficult journey as proof the ferocity of ancient historical record which mentioned how dangerous the sewing room was in the past. this raises the question what all the ancient chinese built a road and pass through this place. his unique elements in the story of three sons waters. labels article although colonial heights utah yell total bill for sure will. here until about washing on the pot. but what about jetblue has helped define the sound of two tablespoon cookie sheet. mrs lee young bloke who were playing crucial sentence. and soon comes to religion church stories linking the sole road with water. was an ancient water where once an important feature belong to me sewing room. means of a point road. we found along this river. a run in the same direction. the ones found in the island of ko. i checked the week. i

unspoiled valleys in neighboring sichuan show us how it might once have looked. it's the sort of natural abundance that is necessary to support an emerging civilization. how could a landscape with such potential have been reduced to this? when chinese scientists and civil engineers began to survey the area, they realized that several thousand years of agricultural exploitation had denuded the hills and valleys of vegetation. the relentless grazing of domestic animals on the slopes meant that there was no chance for young trees and shrubs to grow. the rainfall no longer seeped into the earth, but simply washed down the hillsides, taking the soil with it. over millennia, this progressively destroyed the region's fertility. when this happens over an area as extensive as the plateau, millions of tons of silt are swept down into the yellow river, which gets its name from the color of the fine loess soil. the mounting quantities of silt clog up the river, impeding its flow, contributing to the floods that give the river another name: china's sorrow. in some areas, crea

we are going to make monetary policy for minnesota, not for sichuan.is point, as much as it comes back to the developed world, the u.s. will care about it. i think that is not south africa, not turkey, only china. if china goes through trouble which we think is unlikely, we don't think fed monetary policy will care that much about what is happening in some of these fragile economies. >> we will come back to china very shortly and talk talk about the possible credit crunch. ukraine is a pure emerging-market story. this is almost a battlefield with russia trying to play puppeteer from afar. this also has big financial implications. apart from security concerns and the human tragedy, talk to me about what it means financially for ukraine. >> it is a bad advertisement for emerging markets at the wrong time. ukraine is not a big enough economy. big enough to cause a systemic problem for emerging markets. this is right about the time when many global investors in emerging markets, many of them battered investors, are thinking about whether they want to be in