Relations between Beijing and Washington are at a worrying new low as the two superpowers meet in Alaska for a tense, highly-anticipated summit. The Biden administration has just imposed a new round of sanctions of Chinese individuals and entities and referred to its government as "insidious, corrosive and corrupt." Meanwhile, the Chinese economy is set to overtake that of the US in 2028. RT America's Alex Mihailovich reports for the News with Rick Sanchez. Prof. Richard Wolff joins The News with Rick Sanchez to share his insights on this.