World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First ill auck to Henne Paulson and Timothy Geithner about the downgradingst u. S. Credit ratings and the struggles the chinese economy. And then robert rubin talks about how to make hard decisions. And what a yellow legal pad has to do with that skill. Finally, david byrne came to fame with his new wave band Talking Heads. Some 40 years ago. I talk to him about his latest wave of creativity which includes a musical about former philippina first lady Imelda Marcos. Performed in a broadway theater. That has been transformed into a disco. But first, here is my take. For years now, American Politics has been shaped by the idea of the chinese shock. The term coined by three economists in a 2016 paper captures the widespread believe that trade with china has resulted in the deindustrialization of significant parts of the u. S. And loss of hu
Chinese economy. Now, normally, this is a kind of rubber stamp session where pre approved decisions are cleared and made official. But that said, because its so organised and because we already know, or at least the government already knows, what its going to announce, then we can get an idea of what theyre thinking. And people are going to want to know what the plan is for the economy. Theres huge pressure on the real estate sector, local government debt, University Graduates are looking for good jobs all these bread and butter issues, just like in other countries. And even though this is a kind of turgid, rubber stamp mass gathering, people will nevertheless be looking for some concrete solutions to come out of it. And just elaborate, if you could, a bit more about the issues or the biggest issues that are on the minds of people youve spoken to. Yeah, its economy, economy, economy this year. I mean, sure, therell be, you know, talk of relations with taiwan and the us and the environm
That is getting to people inside gaza. The situation for children, women and men who are caught in the crossfire is unacceptable and not sustainable. Israel has to maximise every possible means, every possible method of getting assistance to people who need it. Meanwhile on the ground in gaza, the war continues. There have been more air strikes in the south of the territory, including here, in the Southern City of rafah. The World Health Organisation says some Eight Thousand patients in gaza, many of them badly injured in israels bombardment, urgently need to be moved out of the territory. It is also warning of extreme malnutrition among children there. One other line to bring you from the middle east a un team of experts has concluded there are reasonable grounds to believe Sexual Violence, including rape and gang rape, took place in at least three locations during the hamas attacks on israel on the 7th of october. They also said there was convincing information that some hostages cou
Economy now is important to anchor confidence. In doing that comes from projecting really clear, decisive policies to win the economy. 50 really clear, decisive policies to win the economy. So when it comes to to win the economy. So when it comes to confidence, to win the economy. So when it comes to confidence, we to win the economy. So when it comes to confidence, we are i comes to confidence, we are seeing china struggling with that. Do you see them introducing measures to boost spending because eli would say nine months ago, it wouldve seemed unlikely. But now the barfor stimulus is much higher. Its almost become a bit of a necessary condition for them to introduce something on the consumption side, to really boost the economy around 5 this year. Really boost the economy around 5 this year 596 this year. China is already saddled with 596 this year. China is already saddled with debt, 596 this year. China is already saddled with debt, what 596 this year. China is already saddled wit
In beijing would like to see winning the race for the white house. 0ur china correspondent Steve Mcdonell went to the Great Hall Of The People to try to find out. Later this year, the us announces their new president. What were the chinese comic party believe the of this equipment communist party. Its like pulling teeth. All clamouring there is a sense from the delegates that they dont want to speak out of turn when it comes to expressing an opinion on us politics. But they are worried about china us relations and they want them to improve. Good effort from Steven Mcdonald there. Lets get more on chinas Economic Vision for the future now, and its leaders have set out what theyre calling an ambitious Economic Growth target of around 5 this year. China is facing a property crisis, falling prices and high youth unemployment. Heres chinas premier li qiang on their strategy going forward. Translation these expected targets i are proposed taking into account. Both domestic and international