Hello and welcome to Business Daily from the BBC with me, Manuel Saragosan.

In this edition, a cold war between China and the US.

Each one of them is going to say to the rest of the world, either you are with us or against us.

We hear from the renowned economist Nureil Rubini, who predicted the 2008 financial crisis. And now he argues China is on

track to displace America's superpower status. That's all here in Business Daily from the BBC.

Police in Hong Kong there firing tear gas and water cannon at protesters at the end of last month.

The protesters were rallying against China's plans to impose a new security law on the territory.

There was a time when the US might have led an international response.

But...

Prosecute the police. no justice, no peace.

The US is busy with its own riots and protests.

So where does all of that leave the US on the international stage?

The soft power of China is rising.

The soft power of the United States is declining.

That's the renowned economist Nureal Rubini.

More from him and his take on what he sees as America's declining economic and political

influence in just a moment.

First, though, Professor Rubini spoke to the BBC's Asia Business correspondent, Karishma Vaswani.

She told me more about why, when he speaks, others listen.

He's known as Dr. Doom. He famously predicted the global financial crisis in 2008, before many others.

And to be fair, he was right. Although subsequently, I have to say that

he warned of other dire things that would happen in the global economy, which didn't. And often

...