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Is the loss of Chinese jobs a price worth paying to tilt its economy away from exports? A leading Chinese academic has told Business Daily the currency should immediately be revalued upwards by 10%, even though that would cost jobs in China's factories. Dr Zhang Bin works for the powerful Chinese Academy of Social Sciences, which often influences government thinking. He is also chief editor of China's Journal of the World Economy. He told Lesley Curwen the Chinese currency needs to rise as part of a fundamental shake-up of the economy, to give more weight to domestic markets and the service sector. Plus, Ian Bremmer, the president of the Eurasia Group and author of The End of the Free Market, talks about the risks of what he calls "state capitalism" in countries such as China. And our regular commentator Lucy Kellaway thinks it is too easy, and too much fun, to hate companies like BP.