Linda Yueh is the Chief Business Correspondent of the BBC and author of 'China's Growth: the Making of an Economic Superpower'.

China is set to become the world's largest economy by 2016. South Korea spends five times as much on research and development as most European countries. Since 2007, while Europe has languished in recession, Singapore enjoyed growth of more than five per cent a year. Is it possible for a country like the UK to compete with the rising economies of East Asia or should we just admit that our days as a major industrial nation are over?

A major new report from the TUC, 'The Way of the Dragon' ([ Ссылка ]), which was launched at a TUC seminar in April 2014, argues that far from being afraid of rising Asia, there are massive opportunities for the UK from these countries if we get the policy mix right. So what is the right approach? And rather than asking what China can learn from the West, Can we ask what the UK can learn from the rise of China? Voices from the worlds of business, trade unionism, universities and journalism debated these questions at the seminar.

The event was chaired by Linda Yueh (featured in this video), Chief Business Correspondent of the BBC and author of 'China's Growth: the Making of an Economic Superpower'.

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