on al jazeera, the welcome back to head to head on how did everything lose my guess this week is victor dow, former interpreted to the late chinese e to den shopping vice president, the sense of the china and globalization in beijing and alden promoter of the people's republic were also joined by ex, but panel here in london, conway hole, and the live audience who were going to hear from shortly victor before we get to the audience in 2019 on this very show. i asked the question is changing, been gearing up to be president for life dictates in chief. i mean he's the most powerful leader of china since now. he's abolished presidential term limits. he's now in his 3rd 5 year term as president sol off again tonight. is he now president for life a true dictate for the recall? first of all, chinese president, she didn't, people will never be present for life. there will be a time limit when it will be, will be, had no, according to the chinese legal system and constitution. secondly, there is no dictator in china. why? because dictatorship simply doesn't work. democracy means modernization. and

how did everything lose my guess this week is victor dow, former interpreted to the late chinese, the, the den shell ping vice president. the sense of the china and globalization in beijing and alden promoter of the people's republic were also joined by ex, but panel here in london, conway hole, and the live audience who were going to hear from shortly victor before we get to the audience. in 2019 on this very show, i asked the question is changing, been gearing up to be president for life dictates in chief. i mean he's the most powerful leader of china since now. he's abolished presidential term limits. he's now in his 3rd 5 year term as president, sol off again tonight. is he now president for life a true dictate? for the recall? first of all, chinese president, she didn't, people will never be present for life. there will be a time limit when it will be, will be, had no, according to the chinese legal system and constitution. secondly, there is no dictator in china. why? because dictatorship simply doesn't work. democracy means modernization. and how can you explain per find or tra

dow finished the trading day up more than four 450 points. >> cnn business reporter matt egan explains what all of these developments mean for the economy victornd amara, this is a big moment for the american economy, for the last two years that fed has been waging war on inflation with monster interest rate hikes now, jerome powell has all but declared victory in that war, saying he is more confident that inflation is going back to where it belongs, back to 2%. and that the mission has shifted from fighting inflation fighting unemployment, and that means a different strategy instead of interest rate hikes the fed is preparing to hot interest rates. >> take a listen to what powell said at jackson hole the time has come for policy to adjust the direction of travel is clear in the timing and pace of rate cuts will depend on incoming data. >> the evolving outlook in the balance of risks we will do everything we can to support a strong labor market as we make further progress toward price stability, to powell, essentially pre-announced an interest rate cut at the next meeting in september, the final meeting before the more the election, this would