What Comes After the Chinese Economic Miracle? | Anne Stevenson-Yang

In Episode 358 of Hidden Forces, Demetri Kofinas speaks with Anne Stevenson-Yang, the founder of J Capital Research, which publishes highly diligenced research reports on over-valued, publicly traded companies, with a particular focus on China. Anne is also the author of several books on China and the Chinese political economy, including "Hello Kitty" and "Wild Ride: A Short History of the Opening and Closing of the Chinese Economy." The first hour of this episode is a conversation about the history of the Chinese economic miracle, as seen through the eyes of someone who experienced those changes firsthand. Anne recounts the early phases of China's liberalization in the 1980s, the post-Tiananmen political crackdown and subsequent rapid growth of the 1990s, and how the Asian Financial crisis at the end of that decade set the scene for the go-go years of the early 2000s, culminating in the Beijing summer Olympics and the 2008 financial crisis, which was in many ways a crisis enabled by the trade and capital imbalances of China's export-driven growth model and rapid economic integration into the global economy. In the second hour, Anne and Demetri explore the China that has emerged under the leadership of Xi Jinping and why Anne believes that this represents a dark turn for the country. They discuss the enduring impact of COVID-19 on China's economy, on the psychology of its people, and how the communist party's response to the pandemic showcased the country's systems of surveillance, including its social credit system, which has its own analog in the form of Western social media and surveillance companies. You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe. If you enjoyed listening to today's episode of Hidden Forces, you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 03/19/2024