Interview with Anne Stevenson-Yang on China [Eurodollar University, Ep. 192]

Feb 25, 2022

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Anne Stevenson-Yang has been living in, writing about and/or focusing her work on China for more than 35 years. We discuss: employment not being a bureaucrat's concern, the transition to uneconomic activity, disinterest in simple social improvements, the 20th National Party Congress, and more!

------EP. 191 TOPICS------
00:00:00 INTRO: Anne Stevenson-Yang spent several decades living, working and thinking in China.
00:01:20 Anne introduces herself and J Capital Research, her China and equities firm.
00:03:30 Anne moved to China in 1985; Tiananmen Square massacre changed the nation's trajectory.
00:06:22 Is unproductive debt used to keep people employed?
00:09:36 How long can China's uneconomic investment continue?
00:11:14 Where is the capital / financing for uneconomic investment in China coming from?
00:13:10 Capital flows to China is now predominantly portfolio flows, not foreign direct investment.
00:16:00 China's economic trajectory changed in 2011-12, 2014-16. Why?
00:20:35 Simple social improvements would benefit the masses; Party members aren't interested.
00:21:56 Does the Communist Party believe the post-Mao system has run its course?
00:25:58 Are the regular households of China satisfied with CCP / Beijing leadership?
00:26:46 What or who is the Chinese Communist Party concerned by? What keeps it up at night?
00:28:11 The 19th National Party Congress.
00:34:29 The 20th National Party Congress.
00:39:15 China is walling itself off from foreigners with a quarantine air lock of rooms.
00:44:15 Might China withdraw from the global stage and turn inwards?

----EP. 191 REFERENCES----
Anne's Book: China Alone, The Emergence from and Potential Return to Isolation: https://amzn.to/3h19zg4
Anne's LinkedIn: https://bit.ly/3sWo9Ll
Keeping the Flies Out: https://bit.ly/3Hcbgls

J Capital Research: https://www.jcapitalresearch.com/
J Cap Twitter: https://twitter.com/jcap_research
J Cap YouTube: https://bit.ly/3Ha2xAh

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---------THE TEAM---------
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence.

------FIND THE TEAM-------
Jeff: https://twitter.com/JeffSnider_AIP
Jeff: https://alhambrapartners.com/author/jsnider/

Emil: https://twitter.com/EmilKalinowski
Emil: https://www.EuroDollarEnterprises.com

David: https://DavidParkins.com/
Terence: https://www.VisualFocusMedia.com