“A new world”: Why Xi invited Iran and Russia to parade

China’s 80th anniversary of Japan’s defeat featured a parade with global leaders, stirring questions about alliances, says economist Tim Harcourt.

China marked 80 years since Japan’s defeat with a huge parade in Beijing attended by the leaders of Russia, Iran and North Korea, raising big questions about global alliances.

Ticker’s Ahron Young spoke with Professor Tim Harcourt, Chief Economist at UTS and host of The Airport Economist.