This is CBS Eye on the World.

Here's John Batchelor.

Gordon Chang, at Gordon G. Chang.

We're off to Anne Stevenson Yang of the book Wild Ride,

the story of the miracle of China all the way up,

and now you can't catch a falling knife is what Wall Street has taught me over many years.

So the direction is down, how far is an unknown, but I come to a story suggestive

that right now China is broken. And a very good day to you. I read from the Financial

Times in these last hours. This is the pink newspaper has no dog in the partisan fight in America.

It looks at the world from the European London point of view. And when it writes, Chinese exporters

wash, that's in quote, products

in third countries to avoid Donald Trump's tariffs, subhead, Asian neighbors, wary of becoming

staging post for trade actually destined for U.S. And is this new? Is this something that you've

seen over the years washing to avoid tariffs or other restrictions

because these third-party countries, the obvious suspects, Vietnam, but also Malaysia,

are now admitting that this has been going on and they're cracking down on it.

It seems far-fetched. But in any event, I want to take this as a sign and they're cracking down on it. It seems far-fetched, but in any event, I want to take this

as a sign and they're desperate, or is it ordinary? Good day to you, Ann. Good day, John. I think

it's quite ordinary. You saw a lot of steel transshipment in the early part of the century,

gradually that ebbed because it was too easy to identify the national

origin of steel. In recent years, you've seen a ton of transshipment of solar, largely from

Malaysia, also semiconductor chips. It's very common. And, you know, the Chinese economy excels at regulatory arbitrage.

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