Early Edition with Kate Hawkesby

Here's why we should care about what sounds like a bit of an obscure trip from some U.S. officials to Beijing this week.  They are going to meet to talk to their counterparts about a wave of Chinese goods flooding world markets.  China, obviously, has enormous manufacturing capacity and enormous machine behind it, and the output has gotten too large for the world to absorb.  The strategy by China, they reckon —and this is why the U.S. officials are going there— the strategy is demand at home is a bit weaker for them, so they pump up production and they ship the excess offshore.  The idea is they would build more resilient supply chains throughout the world, they'll get us hooked on cheap goods.  I mean, we're like crack addicts at a dollar store, aren't we?  Think about Temu, Shein, those types of websites. In the process they are squeezing other manufacturers around the world – including the United States, which is why they're sending a delegation to go and say “stop that please”.  It's also why you're seein