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Hello I'm Simon Long, the Economist's finance editor, and you're listening to a special edition of money talks.

Within a year very much on this week's World Economic Forum meeting in Davos.

Coming up later, the author of the Second Machine Age, Eric Binyovson,

and his concerns about a looming industrial revolution.

You know, we have some tectonic forces that are changing the workforce.

The fact is that median income in places like the United States is lower now than it was 20 years ago.

And away from the snows of the World Economic

Forum in Switzerland, we hear from Kenneth Rogoff and what he feels is the curse of cash.

I think we actually need a physical currency forever, even when there's a digital central bank

currency.

But to start, China's President, Xi Jim Ping, has been in Davos this week, the first time a Chinese head of state has attended the global forum.

The economist's head of radio and McElvoy has this assessment of what he had to say.

So I'm joined just after President G has finished speaking

by Yuan Ding, who's Dean of the China Europe Business School

in Shanghai and by my colleague John O'Sullivan who's economics editor of

the Economist. Just a word then John on globalization. Some of us might think it's

it's come to a pretty past really when we need the president of China to turn up at Davos and

defend much embattled globalization. What sort of case was he essentially making?

I was thinking as he was speaking and leaving aside the sort of providence of the sort of the speech

...