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China's Economy: Retail to the Rescue?

March 7th, 2016

Episode 476 of 642 episodes

China's new five-year plan is supposed to deliver its economy's fabled "rebalancing" towards consumer spending, but will it survive the big layoffs in heavy industry this implies? Presenter Manuela Saragosa speaks to Jinny Yan, chief China economist at ICBC Standard Bank. Also in the programme, former UK energy minister Lord David Howell expresses scepticism over whether the hopes for major carbon emissions laid out in last year's Paris climate treaty are compatible with the developing world's ambitions to grow their economies. And the Financial Times' Lucy Kellaway rues the lost art of the office prank.