#PRC: The Potemkin economy from the beginning. Anne Stevenson-Yang, author of the upcoming new edition of China Alone: Return to Isolation. @GordonGChang, Gatestone, Newsweek, The Hill
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 22 December 2022
⏱️ 11 minutes
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@Batchelorshow
#PRC: The Potemkin economy from the beginning. Anne Stevenson-Yang, author of the upcoming new edition of China Alone: Return to Isolation. @GordonGChang, Gatestone, Newsweek, The Hill
https://amp.scmp.com/economy/china-economy/article/3203627/china-vows-get-economy-back-stable-footing-warns-three-fold-pressure
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| 0:00.0 | This episode is brought to you by Slack. With Slack, you can bring all your people and |
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| 0:21.0 | inside and outside of your company. Slack, where the future works. Get started at |
| 0:27.0 | Slack.com slash DHQ. This is CBS Eye on the World. Here's John Bachelors. |
| 0:41.7 | To Gordon Chang, I've Gordon G. Chang, my colleague and co-host, and we go to the South China |
| 0:46.4 | Morning Post reporting on the Chinese economy at Year Zen. The headline is extremely |
| 0:53.1 | positive. China puts private sector front and center in fresh vows to stabilize in |
| 0:59.6 | bolster economy. Subhead, leadership is looking to bolster the digital economy while supporting |
| 1:05.8 | platform companies in enhancing development, creating jobs, and competing in the global |
| 1:11.2 | market. We welcome Ann Stephenson Yang, author of The New Edition of China Alone Return |
| 1:17.4 | to Isolation. And a very good day to you. The news from China is upbeat to read this headline. |
| 1:24.7 | However, the facts do not support this. I've come to understand that the reporting out |
| 1:29.8 | of China is not not only not accurate, but also is deliberately misleading. Do you measure |
| 1:37.5 | this upbeat tone at the end of the year? Is misleading or is this is this their plan |
| 1:44.5 | to be upbeat and hope people believe it? Good evening, Sean. Good evening, John. And Gordon, |
| 1:50.3 | I mean, look, I think that China has taken a really dramatic turn toward trying to undo |
| 2:01.0 | some of these she policies that have so damaged the markets in the past. And I think that |
| 2:06.5 | markets probably will rally because of it. There's also the fact that people will come |
| 2:12.0 | out of Isolation probably sort of toward the end of February and start spending some |
| 2:18.2 | of the money that they've been saving. But the improvement will be very brief because |
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