This is a series, I on the world. I'm John Bachelor with Gordon Chang at Gordon G Chang, my colleague and co-host and friend, and we welcome our very good colleague on the struggling PRC economy and Stephen's and Yang author of the new and I highly recommend Wild Ride

for a sense of irony about where China is coming from

and where it's going. However, now we turn to a headline in the FT that I ask Gordon's

help with. Climate change.

China and US push each other on priorities for UN COP29, climate talks.

Gordon, I remember you telling me something about climate talks

in the beginning of the

Biden administration that it was useful to talk climate. But as I recall there was

something about that Biden administration saying that it wanted to be careful about opposing China on everything because they

needed China's help on climate change. Do I remember that correctly?

You do, John. The Biden administration believes in general remember that the

the Biden administration believes in general that the United States needs to find

areas of cooperation with China and climate change is one of those areas that the blind administration has identified.

The Chinese know that and they take advantage of that perception in Washington.

Now we go to the Troubles.

This is a subhead in the Wall Street Journal in these last days.

Economists say the government sector needs to step up and borrow more aggressively at a time of disinflationary pressure and faltering demand.

And a very good evening to you.

This is a complicated way of saying you've said something very simply the housings in trouble it's a crater

consumerism not and manufacturing slipping and unemployment climbing.

So how would the government borrowing more aggressively help all that?

Good evening to you.

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