Hal Kempfer and Mark Mansfield discuss what the China Challenge is for the United States, North America, Europe and the World. They discuss how slowing economic growth and an aging population are among the biggest challenges facing China and that includes a shift in the manufacturing base to Southeast Asia, Latin America and India.

The hosts also discuss Chips when the chips are down, and what China has learned from Russia's invasion of Taiwan. Plus, what will happen to China's trade relationships with export curbs slapped on materials used to make semiconductors.