This is John Batcheler, conversation with Anne Stevenson Yang, the author of the new book

Wild Ride, a short history of the opening and closing of the Chinese economy.

About the Chinese economy right now and end points to a detail.

They are seeking foreign investment to come back to the country.

Much foreign investment is left in these last years

because the central government is not trusted.

Seeking for an investment and one way to do that would be through the stock markets,

Hong Kong, Shanghai or New York.

And Ann points out the last three years and the absence of foreign investment in the form of

IPOs.

Anne explains the detail here.

What is not happening in China is a vote of capitalism to say we do not

intend to go back there until and if. And Stevenson Yang, Wild Ride is the book.

More of this later.

That's correct.

So Shanghai hasn't had a new listing in three years.

A lot of the big Chinese companies like Ant Financial and

and Shine have failed to to achieve an IPO and that's because the value of these

companies just doesn't rise

and so foreign banks are not interested

in taking them to market.