The new economic superpower

Link to the article: Channel 4

Last Modified: 30 Mar 2009
By: Channel 4 News

While the world sinks into economic turmoil China's own $500bn stimulus plan is set to boost local markets and exports. So should the west be looking east for recession salvation?

The real action at this week's global summit is less about the G20 than the two countries dubbed the G2 - China, and America.

China's economy is slowing but still booming and is set to grow by at least 6.5 per cent this year, according to the World Bank.

So can China really save the world - and does it want to?

Chinese ambassador, Fu Ying, speaks to Jon Snow about the country's economic growth.