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This is CBS I On The World. I'm John Bachelors.

Bloomberg headline out of Asia.

China reopening party over as emerging markets slip back to void.

To translate that, emerging market bulls that would be most of Asia, the emerging markets, the smaller nations.

Bending that China's reopening would drive a year of asset outperformances,

are seeing their dreams turn into dust.

Gordon Chang at Gordon G. Chang is here with me, and we welcome Charles or tell Sundays with Charles.

Because this story grows and significance going forward.

The disappointment of China's economy is widespread in Asia.

Charles, a very good day to you.

My memory is that Thailand, for example, or Indonesia, especially South Korea,

had a spirited trade not only in natural resources, but also in Finnish products with China.

Pieces of the Chinese-China economy would be outsourced to various nations throughout the region.

During the Go-Go years of, say, the turn of the century for the first 15 years, that's my memory.

Is that what they're talking about turned to dust that that has not returned? Good evening to you.

Good evening, and thanks for having me on, and I, Gordon, actually, I think it's exactly that,

and it's a reprise of 2008.

...