Four former Rio Tinto executives are beginning lenghty jail terms in China following a trial held partly in secret.
The case follows another dust up between a western firm and the Chinese state with Google announcing its move to Hong Kong last week.
Our panel discusses how businesses should approach their operations in China.
In the studio we have economics editor Larry Elliott, head of business Dan Roberts and the economist John Kay.
Kay's new book Obliquity suggests the best way of meeting objectives is to approach them in a roundabout way. For example companies who obsessively chase profits do worse than those which seek to produce great products.
He explains how businesses could learn from such diverse figures as Picasso and David Beckham.
And we look back at this week's televised debate between the three would-be chancellors.
