Ladies and gentlemen, welcome to Grant's Interest Rate Observer Radio. It's good to have you back again,

and it's good to have with us today, Anne Stevenson Yang, who was a founder and a principal of J. Capital,

which knows everything about China. Big country, lots of people, and lots of Ranminbi, and we'll get around

to that in one moment. But first, ladies and gentlemen, a word from our sponsor who happens to be me.

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think for yourself. Subscribe to grants. There's no time like the present. Oh, and by the way,

we do have conferences. Yes, that's something else we have on the fall on October 10th.

And guess what? Alan Greenspan will be there and I'll be sitting and talking with him in person.

Evan Lorenz, the great Evan Lorenz, is with us today, along with Anne Stevens and Yang, and

Evan, can you believe the lineup we have? We have Frank Brozons and Jim Chanos and Mark Cajotes and

Amy Falls and Jeffrey Tarrant and Paul Singer, and who knows who else might show up. It's going to be

a fabulous star-studded day. October 10th of the plaza, please do be there. Eric Whitehead is at

the controls, and Anne Stevenson Yang is joining us today to talk about China. And welcome.

Thank you. Thank you. It was an English expression, but you could say that in Mandarin as well.

Could you not? I could if I tried, yes.

Well, what do you say we conduct this interview in English?

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