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Can China save the world's economy?

The country has seen incredible growth in the past decade but is it the economic powerhouse that could save the world?

In the second of our week of programmes looking at the BRIC countries (Brazil, Russia, China and India) Damian Grammaticus is in Beijing.

He speaks to Professor Li Daokui, an economist who serves as a policy adviser to the Monetary Policy Committee of the People's Bank of China, who says that while China's growth has been exceptional, the country needs to focus on reform in the coming years.

Plus he asks Michael Pettis, Professor of Finance at Peking University, where the idea of China being able to save the world comes from.

And Michael Bristow visits the village of Yihezhuang, one of China's poorest villages.

(Image: A 100 yuan note is surrounded by other 100 yuan notes. Credit: Reuters)