Hello, I'm Ed Butler and welcome to Business Daily from the BBC World Service.

Today, we're going to be examining how rivalry between the world's two economic

superpowers, the US and China, could be shaping the year ahead.

Accidents are much more likely in an environment where the United States is much less interested in upholding

its previous position as global sheriff and upholder of global standards.

It's going to be a very messy couple of years to come because the leaders of Iran and the United States and China,

each when pushed into a corner, knows that aggressive

nationalism can instantly shore up their flagging or waning political power. Yep, it's a case of

trade, tech and simple economic nationalism. China and the US, a rivalry to shape 2020. That's

Business Daily from the BBC. So as we launch ourselves

into the first full week of 2020, we on Business Daily thought it was time to take stock of where

we're at at the end of one remarkable decade and the launch of perhaps another. There's the ongoing trans-Pacific trade

stalemate, US elections and a whole bunch of geopolitical threats right now to consider all of which

seem to tie in thematically at the moment very increasingly to the increasingly troubled arm-wrestle

that's going on between the world's two largest economies, the United States

and China. To consider all of this, I'm joined by three wise heads. Ian Bremmer, president and founder

of the Eurasia Group, Linda Yu. She's an economist and author of a book, The Great Economists,

and Nairie Woods, Professor of Global Economic Governance at the University of Oxford.

She's also the founding chair of the Blavatnik School of Government.

Linda Yu, first of all, trade. Remind us, if you will, where we've got to right now.

There's a ceasefire, isn't there? Phase one trade deal, we're told, between the US and China.

But does it go any further than that? Where have we got to?

...