The Mark Simone show on 710 WOR.

Well, with us now the brilliant columnist, Liz Peek, you can read her columns at FoxNews.com,

but also go to her own website where you can get all the news and updates and analysis.

Go to Liz Peek.com, Liz Peek.com. Liz Peek, how you doing?

I'm terrific. Thanks for having me on, Mark.

Hey, China trip couldn't have gone any better, don't you agree?

Well, I think the market certainly doesn't agree. I think a couple of things.

One, I think that there was a lot of optimism that Trump would get Xi, President Xi,

to agree to some breakthrough in Iran in opening up the Strait of Hormuz.

Supposedly, Xi bought into the idea that that was a good idea and evidence, you know, no resistance to it,

but I didn't see anything really come out in the way of a concrete move on his part,

like picking up the phone and telling the IRC to open up the strait.

I think in terms of commerce, yeah, it was a good move.

I think, you know, I think the biggest thing was that G had to look tough to his people.

After all, the United States, I mean, imagine this drama of President Trump arriving with a phalanx of world leaders in global finance, production, manufacturing, technology, etc.

I mean, what a powerful symbol that was of American dominance, right?

I mean, and think about China's situation right now.

They are losing in terms of their economy.

Their economy has enormous, ongoing impediments like a demographic cliff.

They're actually shrinking in terms of people in the workforce. They have

enormous amounts of debt and they can't get consumers to spend so they're actually gone

back to their export-driven model, meaning they actually are dependent on the United States

...