CNN CNN Newsroom August 16, 2010
that was then this is now. a new report shows china is about to pass japan as the second largest economy in the world. ali velshi here to talk about more, how do we get to this point this co-dependent relationship? >> china is three time he is the size of the united states. it is not -- individuals are not all getting that wealthy but this is a country that 30 years ago was an almost isolated communist country and has been slowly working into a market economy over the years. what happened is the west embraced china's reforms because china has cheap labor. so we wanted to buy cheaper ...