This episode is brought to you by Shopify.

That's what I hear when I make another sale on Shopify.

The all-in-one commerce platform that allows you to start, run and grow your business.

Shopify is revolutionising millions of businesses worldwide.

So sign up for a £1 per month trial period at Shopify.co.uk

Cash, podcast, 23, all lowercase and take your business to the next level today.

This is CBS, I am the world, I'm John Bachelor.

China, the headline in the Wall Street Journal.

China turns to well-honed playbook, cut rates, hide data.

Subhead, move to stop publishing youth unemployment.

Data raises concerns about opacity around China's downturn.

The downturn is broad and genuine.

A fall-off, a sharp fall-off and direct foreign investment, a sharp fall-off in trade, both imports and exports,

and dependency on the United States, Europe and our allies, Taiwan even and Korea for the chips that are necessary for the high-end production.

Another metric that are all illustrating the proverb on Wall Street, you can't catch a falling knife.

All of that could be regarded as a deep recession.

China has over borrowed, created conditions that cannot be easily solved,

and also insists upon surveillance and state-owned enterprises superior to private enterprise.

However, we set that on one side of the equation and we come over here to the President of the United States,

recently making remarks at a fundraiser I believe it was in Utah, that China is a ticking time bomb,

implicit in that statement as violence.

Gregory, do you follow the formula that Xi Jinping and the Chinese Communist Party,

...