This is CBS Eye on the World.

Here's John Batchelor.

I welcome my colleague and friend and mentor, Gregory Copley of Defense and Foreign Affairs,

the author of the new book, Noble State, about constitutional monarchy.

We will speak of King Charles in our King Charles report, but first, the People's Republic of China,

non-transparent in the extreme.

However, Xi Jinping, an aging tyrant, a man who had forced himself on his party for a third term,

a man who has regrets from his childhood,

a man whose father was one of the heroes of the revolution,

though he was badly treated by the revolution

and was restored only because he was stubborn,

not because they cared about him.

However, all these decades later, Xi Jinping seeks to imprint upon the party, upon China, upon the world,

his understanding of the revolution, People's Republic of China.

And yet, Gregory, a very good evening to you.

For some time, you've been telling very carefully how the party reacted to the failure of Xi Jinping's economy.

And it's given him rope.

I believe the proverb is enough rope to hang himself.

How's he doing?

Good evening, Joe, Gregory.

Good evening, John. Well, I think he's fought almost his last desperate rearguard action to

save his power. Now, in fact, his power has really all gone. He, I think, has accepted, according to a number of people around him, they say that he's agreed to it, to step down and just remain with the title of President of the People's Republic of China, which is a powerless position.

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