Out of the Gobi: Weijian Shan on the Cultural Revolution, economic reform, and U.S.-China ties

How does a bookish Beijing teenager, who found himself stuck for six years planting potatoes in the Gobi Desert, grow up to study with former chair of the Federal Reserve Janet Yellen, teach at Wharton, and now lead one of Asia's most successful investment firms? In this episode, Shàn Wěijiàn 单伟建, the chairman and CEO of investment firm PAG Group, and the author of Out of the Gobi: My Story of China and America, tells his personal story of exile during the Cultural Revolution and provides his view on China’s economic transformation. 7:53: Looking back at the Cultural Revolution  23:53: The government’s role in China’s economic development 25:22: Challenges that state-run companies face 42:11: What to make of the protests in Hong Kong In addition, you can subscribe to the ChinaEconTalk newsletter at chinaecontalk.substack.com. Learn more about your ad choices. Visit megaphone.fm/adchoices