Well thanks very much for being with us here on to the point of my guests here in the studio in sown who is a freelance journalist from china and she argues that cold war is an american a narrative in the current tensions of the expression of a dysfunctional world order also with us is morocco oil barack who is with the asia program of the German Marshall Fund she believes that transcend once he cooperation on china is key and for it to work both sides of the atlantic need to adjust their china strategy. And a very warm welcome to sudan how will turn from Johns Hopkins university an academic and former diplomat to down thinks the competition isnt china versus america its all for its hereon ism versus democracy. Thank you. Being here with me today id like to begin with you more i can in your latest book event you have written together with kleins animals in the schools the hidden hand how the Chinese Communist party is reshaping the world so my 1st question is tell us how is it doing so
Well thanks very much for being with us here on to the point to my guests here in the studio on who is a freelance journalist from china and she argues that cold war is an american a narrative in the current tensions of the expression of a dysfunctional world order also with us is my right back who is with the asia program of the German Marshall Fund she believes that transcend once a cooperation on china is key and for it to work both sides of the atlantic need to adjust their china strategy and a very well malcolm to sit down hamilton from Johns Hopkins university an academic and former diplomat to down thinks the competition isnt china versus america its all for its hereon isnt versus democracy. Thank you for being here with me today id like to begin with you mike a in your latest book event you have written together with Clive Hamilton the schools the hidden hand how the Chinese Communist party is reshaping the world so my 1st question is tell us how is it doing so so the main argu
How the country could grow so rapidly what will happen now that growth is slowing down and the impact of the trade war with the United States but 1st lets take a quick look back at 70 years of economic development. Back in 949 when the communists people so public of china was founded the country was dirt poor poorer than many african nations 70 percent of the population up peasants and day laborers getting by on an income of just 57. 00 per year in a mostly agricultural economy common is possibly the most it owns reforms in the 1950 s. Nationalized industry and distributed land from the wealthy to the countrys poor but those policies let the country into chaos the communist reforms were the main cause for widespread famine that killed millions of people and displaced many more millions more died in a wave of terror and in communist reeducation camps after mouse deaths in 976. 00 chinas next leader things up paying introduced some reforms that opened the economy is policies brought chin
The pacific at the academy for political education and tutoring in germany. She joins been out for more. So ill see you welcome back to the show yet another developer in china facing a serious cash pinch. How critical is this news by country guard . Thank you very much for the invitation. This is a serious signal from the overall chinese. Um it cannot make situation. However, we have to look into chinas property market. So theres an issue with the failing depth width and a country wide problem with repaying depths, we have to differentiate this, hide me for a trip and harvey on equal property market. Can we say that this problem will get worse before it gets better . Theyre going to be new properties coming onto the market, but it seems that consumer demand overall is still following as well. At 1st sight, it seems the regulations from the government out for seeing Property Developments to follow posts and Construction Companies to increase the o. S. Its their own voice and decrease an
The free time, but still very much alive. Your guy to the special thoughts in germany recognizes where exactly it was fun. Learned a lot of our culture history, dw, travel extremely worth a visit. The science of trouble for china is beleaguered real estate market. Developer, Country Garden suspense, trading on some of its own shore bonds suggesting repayment problems. Markets are reactive also on the show will hear from the c e o of ryan air says germanys high airport fees are hurting consumers by reducing choice and high temperatures across europe are putting more pressure on water supplies. Were looking at the industry is adapting still welcome to our show on Stephen Beardsley in berlin. Wed begin with china and fresh turmoil and its trouble real estate market. Shares of one of the countrys top private developers, Country Garden, plummeting monday, after suspended trading of 11 of its onshore bonds, suggesting that it was having repayment problems. Rotors reporting the Country Garden