This is a series,

this is CBS, I on the world.

I'm John Bachelors, Gordon Chang,

I've Gordon G Chang, my colleague and co-host,

and we're very pleased to welcome Charles Burton, Senior

Fellow at Synopsys, who aims to attend the gathering at the US Embassy in

Ottawa within these next hours to congratulate everybody for another successful 4th of July.

However, we're looking at the adversary in East Asia and right in front of us now is reason to wonder where next because I've

been told for some time she jin ping and the Chinese Communist Party have no

plan B to revive the very troubled Chinese economy.

And the headline, is China to hold third plenum this month?

Will it focus on reforms or she

jin pings long-term vision.

Charles, a very good evening to you.

That seems like an obvious choice, reforms, is that credible?

Good evening to you.

No, I don't think there'll be any reforms.

I mean, the Wen Biabao, the previous premier

of the State Council, had characterized the Chinese economy

as unbalanced, uncoordinated, unsustainable, and unstable.

And Mr. She has actually quoted the first three, but he didn't leave the unstable in. But really we're looking at at a revision of the 2013 Third Plenham where

there was an idea to move

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