China's Economic Transformation and Global Expansion

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This chapter examines the current challenges facing China's economy, including slowing growth and a downturn in the real estate sector. As Chinese firms adapt to global competition, they are increasingly seeking opportunities in emerging markets, marking a significant shift from their historical focus on domestic operations. The discussion also highlights the implications of China's Belt and Road Initiative and the resulting complexities in international trade and local perceptions.

As domestic demand in China slows, and the West puts up trade and political barriers, Chinese firms are shifting their focus to poorer parts of the world. After Russian attacks on Ukraine’s energy infrastructure intensify, our correspondent visits a wrecked power plant (9:10). And how the doner kebab became a cultural touchstone (17:00).

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