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This is CBS I and the world.

I'm John Bachelor with Gordon Chang at Gordon G. Chang, my colleague and co-host.

And we are very pleased to welcome Anne Stevenson Yang, author of Wild Ride, the story of the Rise and Fall and Fall of the Chinese miracle.

The headline in the New York in the Wall Street Journal tells a story that is alarming.

The quarter trillion dollar rush to get money out of China.

Subhead, Chinese residents worried about growth have been illicitly moving

billions of dollars out of the country using everything from

crypto to fine art. And a very good day to you, does this story follow the tale that

you've been telling for some time that the Chinese economy cannot be fixed as long as

the Chinese Communist Party remains dominant and that the alternative now is not to fix it but

to get out. Is that the story you've been telling good day to you Anne

Good day John it is indeed I mean you know Chinese people like anybody

first of all they want to protect their

...