Welcome to the PDB Situation Report. I'm Mike Baker. Your eyes and ears on the world stage.

All right. Let's get break, shall we? China's economy is unraveled under the weight of its own policies,

as overcapacity triggers price wars and export markets dry up.

Beijing may be trapped in a crisis that it can't escape.

Author Gordon Chang, good friend of the show, joins us to break it down.

Later in the show, Iran's regime

unleashes a brutal wave of executions following its war with Israel. Mass arrests, rushed

trials, and what critics are calling an execution spree. Ali Reza, Jeffazade, from the National

Council of Resistance of Iran, will join us to give us his insight.

But first, today's situation reports spotlight.

China is facing growing economic headwinds, and its leaders are starting to sound the alarm.

From real estate to exports, the engines of China's economy are, well, sputtering.

But one of the most serious and self-inflicted

problems is overcapacity in its manufacturing sector. Party officials are calling it involution.

It's the first time we've used that word here on the PDB situation report. It's a race to the bottom

where too many producers flood the market and undercut each

other with destructive price wars. And nowhere is this more evident than in China's bloated auto industry.

Beijing's solution, well, it's more investment, more control, doubling down on the very policies

creating the crisis. Joining me now is Gordon Chang, author of Plan Red, China's project to destroy America.

You can follow him at X at Gordon G. Chang.

Gordon, it's terrific to see you back here on the Situation Report.

Thanks, as always, for taking the time.

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