Jan 21: Breaking down the Bric consumers

Stephen Roach, Morgan Stanley's Asia chairman, discusses with Demetri Sevastopulo, the FT's Asia news editor in Hong Kong, whether consumption from China, India and the other Bric countries can ever substitute for the US consumer. He also argues that the centre of gravity in the global economy will never shift to the Brics unless they rebalance their economies toward growth driven by domestic demand. Produced and edited by Edward Cheng.