This is CBS Eye on the World with John Bachelor. Here's John Bachelor.

The Secretary of Commerce, General Romando, in China, using a word to the Chinese opposite

Li Chang and other leaders of the Chinese Communist Party, that China has become, quote,

uninvestable. End quote. I welcome Gordon Chang at Gordon G. Chang, my colleague and co-host

and friend, and we welcome Jonathan Ward, our colleague, the author of the new book, the

decisive decade American grand strategy for triumph over China. Jonathan, a very good day

to you, uninvestable. The Secretary of Commerce is being candid but at the same time, how does

China hear that? How does the investment community hear that word from the Secretary of Commerce

of the Biden administration? Good evening to you. Good evening, John. Good evening, Gordon.

Well, look, I think this is actually a very positive thing because, as I've said for a very

long time, the only chance we've got is to win this through economic competition and that

does mean divesting from China. So what Secretary Romando was saying was that she's hearing

business leaders in America saying that China is too risky and therefore uninvestable. Now,

I'm not sure that's a full consensus. I think people still do want this market to be open

to them. They want better treatment in this market and they want to invest in China. However,

they're finding it challenging. I think they're increasingly concerned about geopolitics, but that

doesn't necessarily mean that there's really a decisive action at this point in the business

community or on Wall Street. And I think ultimately we need obviously government and our economic

engines to come together to defeat this challenge, but Romando is communicating this to the Communist

Party. I think with the hopes of persuading them to act more kindly towards our own

business interests in China, but that's not really where this is ultimately going. I mean,

China's engaged in a geopolitical competition with us and they need to, as they see it, to win

...