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dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics, finance, investment, and international

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Bloomberg.com, and of course, on the Bloomberg. We are privileged this morning to have with us for a few chosen minutes.

Adair Turner, of course, known for regulation, but far more a greater curiosity about his United Kingdom a

greater curiosity about the global economy Lord Turner with

FSA and regulation and far more now with his Institute for New Economic

thinking. The myth that we have of China Lord Turner are remarkable. They go back to the Opium Wars and back before that.

We take museum tours, but I would suggest that so many of us don't understand the present China. Why are you a China optimist given what you see of the present China?

Well, I'd go to China four or five times a year. I was there just two weeks ago for the China Development Forum I've been

following it very carefully I think they followed a very very successful strategy

to get to middle-income level they're no longer a sort of emerging developing economy.

They're at middle income level. And what they're setting out now is a very clear strategy to go up

the value chain of manufacturing, to become a high-tech country and I think they're going to do it.

Because if you look across a whole load of different technologies, if you look across new energy technologies,

like batteries, like electric electric vehicles if you look at

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