This is John Batchel, a conversation with colleague Anne Stevenson Yang, the author of Wild Ride,

the rise and staggering fall of the People's Republic of China's miracle since the late 20th century.

Anne is asked by my colleague Gordon Chang, what China will look like in six months,

given the damage to the economy already done

by the Chinese bubble of real estate and the reluctance of the Chinese consumer to consume

and the challenge of convincing the world that China is the only export country worth buying from.

All of that.

And Anne says, very carefully, lose, lose.

Here's Anne Stevenson Yang on the Chinese economy.

Not good days ahead.

Gosh, who can say? I mean, we can't say what the trade war is going to look like in six

hours, considering that we had a statement Friday night after market closing that there

would be massive exemptions, and then we had a statement Sunday that there won't be massive

exemptions. So it's very hard to say.

For China, honestly, it's a lose-lose proposition.