How China Fooled the World • 2014 • This World

Category: Economics
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Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble. China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate. While Britain has been in the grip of the worst recession in a generation, China's economic miracle has wowed the world. Now, for BBC Two's award-winning strand This World, Peston reveals what has actually happened inside China since the economic collapse in the west in 2008. It is a story of spending and investment on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But, in a situation eerily reminiscent of what has happened in the west, the vast majority of it has been built on credit. This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back. Interviewing key players including the former American treasury secretary Henry Paulson, Lord Adair Turner, former chairman of the FSA, and Charlene Chu, a leading Chinese banking analyst, Robert Peston reveals how China's extraordinary spending has left the country with levels of debt that many believe can only end in an economic crash with untold consequences for us all.

This World • 0 • 2 episodes •

How China Fooled the World
58:28
How China Fooled the World

Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble. China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate. While Britain has been in the grip of the worst recession in a generation, China's economic miracle has wowed the world. Now, for BBC Two's award-winning strand This World, Peston reveals what has actually happened inside China since the economic collapse in the west in 2008. It is a story of spending and investment on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But, in a situation eerily reminiscent of what has happened in the west, the vast majority of it has been built on credit. This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back. Interviewing key players including the former American treasury secretary Henry Paulson, Lord Adair Turner, former chairman of the FSA, and Charlene Chu, a leading Chinese banking analyst, Robert Peston reveals how China's extraordinary spending has left the country with levels of debt that many believe can only end in an economic crash with untold consequences for us all.

2014 • Economics

Cuba with Simon Reeve
58:49
Cuba with Simon Reeve

Adventurer and journalist Simon Reeve heads to Cuba to find a communist country in the middle of a capitalist revolution. Two years ago Cuba announced the most sweeping and radical economic reforms the country has seen in decades. From ending state rationing to cutting one million public-sector jobs, one of the last communist bastions in the world has begun rolling back the state on an unprecedented scale. Simon Reeve meets ordinary Cubans whose lives are being transformed, from the owners of fledgling businesses to the newly rich estate agents selling properties worth up to 750,000. Simon gets under the skin of a colourful and vibrant country famous for its hospitality and humour and asks if this new economic openness could lead to political liberalisation in a totalitarian country with a poor human rights record. Will Cuba be able to maintain the positive aspects of its long isolation under socialism - low crime, top-notch education and one of the best health systems in the world - while embracing what certainly looks like capitalism? Is this the last chance to see Cuba before it becomes just like any other country?

2017 • Travel

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