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The John Batchelor Show

#PRC: Deflation, Decline. Determined. Anne Stevenson-Yang, author of the upcoming Wild Ride: China's Short-Lived Experiment in Capitalism, @GordonGChang, Gatestone, Newsweek, The Hill

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 18 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary


#PRC: Deflation, Decline. Determined. Anne Stevenson-Yang, author of the upcoming Wild Ride: China's Short-Lived Experiment in Capitalism, @GordonGChang, Gatestone, Newsweek, The Hill

https://www.ft.com/content/00a5d925-bb54-4be8-ae8e-9f558d9ac86f

1930 Shanghai

Transcript

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0:00.0

Welcome to People's Post Code Lottery in 60 seconds.

0:04.0

It's really simple.

0:06.0

Your Post Code is your ticket.

0:08.0

Yes, that's simple.

0:10.0

Prizes are won every day.

0:12.0

And to be in every draw all you have to do is sign up for a monthly

0:16.6

subscription of just 12 pounds. Easy. Every Saturday one lucky postcode wins a share of a million pounds and in our February draws a lucky postcode area will win a share of 3.2 million pounds.

0:30.0

A staggering 1.2 billion pounds has been raised so far for charities and good causes.

0:36.0

70% of post codes across Great Britain are already playing.

0:40.0

We had a plan, 10 year plan.

0:42.0

10 year plan. No, it's the next week plan.

0:43.5

So sign up before midnight on the 25th of January for the chance to win.

0:47.6

Good things come knocking with people's postcode lottery.

0:50.8

PPL managed lotteries on behalf of the good causes 18 plus conditions apply play responsibly not I in the world. I'm Jean Bachelor with my colleague and friend Gordon Chang and we welcome Ann Stevenson Yang and is author of a new book forthcoming. I'm very much looking forward to it.

1:18.0

Wild Ride, China's short-lived experiment in capitalism. We have some metrics today that suggest that the wild ride is bucking

1:24.9

especially harshly at this moment. I begin with a GDP announcement by the authorities in Beijing of 5.2% claiming that that is what they were aiming for in growth.

1:39.0

We also have a number out of the Wall Street Journal reporting, China's population decline accelerates as

1:45.2

women skip motherhood bursts goes to subhead.

1:49.1

Bursts continue to plummet.

1:51.1

China ended 2023 with 1.410 billion people a drop of 2.08 million.

1:58.0

And what I've learned over the years, anecdotally, is that a growing population is prosperity and a shrinking

2:06.3

population is the other thing does that connect to what we're getting from China

...

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