What's interesting is whilst Shanghai has gone stellar - literally, in these massive buildings which have appeared since I first visited - Beijing has become a much more vibrant and interesting place. A lot more business is done here.

Britain cannot afford to cut itself off from what is going on in the world, we are too interconnected with what is going on, we have a powerful history and tradition of taking an interest in what is going on in the world, we've also got a very real interest in the future, in remaining connected.

I think essentially if you look at British public debate around the issues of our interconnectedness with the global economy you do not find a ready audience, of any large scale, for pulling up the shutters.

One big theme for me is that we have got to move from an economy built on debt to one where we save and invest in the future.

The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.

You cannot tackle Britain's debts without tackling the unreformed welfare system.

I think you can look at the British economy with confidence.