Podcasts about chinese economy

On this episode of the Energy Security Cubed Podcast, Kelly Ogle and Joe Calnan interview Scott Kennedy about China's industrial policy around electric vehicles, what it means for China's economy, and how Western countries should react to this economic trend. You can find Scott's blog post for CSIS here: www.csis.org/blogs/trustee-chin…dized-yet-striking // Guest Bio: - Scott Kennedy is senior adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies // Host Bio: - Kelly Ogle is Managing Director of the Canadian Global Affairs Institute - Joe Calnan is a Fellow and Energy Security Forum Manager at the Canadian Global Affairs Institute // Reading recommendations: - "Wild Ride: a Short History of the Opening and Closing of the Chinese Economy", by Anne Stevenson-Yang: buijones.com/wild-ride // Interview recording Date: July 8, 2024 // Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. // Produced by Joe Calnan. Music credits to Drew Phillips.

0:00 - BLM Brandon celebrates Africa Day 12:03 - "we're winning" 35:34 - Scott Pelley commencement at Wake Forest...everything is under attack 55:29 - Kelly Cassidy: GOPers obsessed with children's genitals 01:09:42 - In-depth History with Frank from Arlington Heights 01:13:05 - Ian Williams, former foreign correspondent for BBC Channel 4 News: What the next phase of Trump’s trade war with China looks like. Check out Ian’s most recent book Vampire State. The rise and fall of the Chinese Economy 01:32:18 - President at Wirepoints, Ted Dabrowski: It's not identity politics causing Chicago's housing issues. Get Ted’s latest at wirepoints.org 01:49:11 - President of Center of the American Experiment and contributor to Powerline, John Hinderaker, on Minnesota’s “celebration” of George Floyd. For more from John powerlineblog.com 02:07:11 - CAMPUS BEATSee omnystudio.com/listener for privacy information.

China's retail sales expanded 5.1% in April and value-added industrial output grew 6.1%, showing strong momentum despite a challenging external environment (1:00). The foreign ministers of China and Denmark pledge to work together for multilateralism as the two countries mark 75 years of diplomatic ties (11:55). And Israel's military has begun extensive ground operations in Gaza, while allowing in limited amounts of food (20:52).

The Sinica Network proudly presents a new podcast: China Talking Points, featuring Kaiser Kuo (host of the Sinica Podcast), Eric Olander (host of the China-Global South Podcast and China In Africa Podcast) and Andrew Polk, co-founder of Trivium China and host of its podcast. We'll be joined regularly by Lizzi Lee, Fellow on Chinese Economy at the Asia Society Policy Institute's (ASPI) Center for China Analysis. Tune in live every other week for unscripted thoughts on the major China-related news of the week.This week, we focused on the truce in the trade war that Donald Trump launched with the so-called "Liberation Day" tariffs of April 9. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with top Chinese trade negotiator He Lifeng and his team in Geneva over the weekend, and we look at what came out of those meetings and what we can expect to happen next. We also discussed the dogfight that took place between India and Pakistan last week, in which the Pakistani air force claims to have downed as many as five Indian planes, significant for China because the Pakistani planes were Chinese-made J10-C fighters. Eric, who wrote about the Chinese reaction to this and offered his take on the reasons for their success, managed to incur a lot of online Indian wrath — an occupational hazard — but presents a compelling case for why the fully integrated Chinese military systems gave Pakistan the edge.Watch us live on YouTube starting May 28th. Check out the new Sinica Network YouTube channel here!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this conversation, Saheb and Amit examine the three major structural dilemmas facing China's economy: a persistently low domestic consumption rate of around 40 percent of GDP, making China an outlier among large economies; the Chinese state's reluctance to adopt fiscal stimulus due to its ideological opposition to welfarism; and a sharp slowdown in real estate investment that has had ripple effects across the broader economy. They also discuss how China's enduring trade surpluses, particularly with the U.S., EU, and India are generating international pushback. Despite high trade volumes, Amit highlights the limited nature of Chinese investment in India, noting that economic outreach from China is driven less by genuine market interest and more by geopolitical calculations. The episode further explores why China's engagement with regions like Africa, Latin America, and Southeast Asia cannot substitute for the demand found in Western markets. The episode also looks at how India's large and growing consumer market could make it a prime destination for companies relocating under the China Plus One strategy, even if Chinese firms themselves remain reluctant to invest directly. Finally, the discussion draws a clear line between China's diplomatic messaging and its actual economic practices, revealing a gap that continues to shape global perceptions.Episode ContributorsAmit Kumar is a Staff Research Analyst at the China desk of the Indo-Pacific Studies Programme. With a broader focus on China, he studies issues at the intersection of the economy, technology and security. His work encompasses writings on the Chinese economy, domestic politics, foreign policy, and India-China trade and security issues. Saheb Singh Chadha is a senior research analyst in the Security Studies Program at Carnegie India. His research focuses on China's foreign and security policies, India-China relations, and India's military modernization. He is broadly interested in the geopolitics of South Asia and the Indo-Pacific.Suggested ReadingsViews From Taipei: Essays by Young Indian Scholars on China by Vijay Gokhale, Suyash Desai, Amit Kumar, and Aadil BrarCrosswinds: Nehru, Zhou and the Anglo-American Competition over China by Vijay Gokhale China's Economy: What Everyone Needs to Know by Arthur R. KroeberChina's Western Horizon: Beijing and the New Geopolitics of Eurasia by Daniel S. Markey Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

John Maytham is joined by global strategist Michael Power to discuss the 90-day pause in the US-China trade war. After talks in Geneva, both countries agreed to reduce tariffs, easing global tensions. Power unpacks the political and economic impact of the deal and whether it signals lasting change or a temporary truce Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

On May 7, China unveiled a 10-point policy package aimed at enhancing market confidence, boosting long-term liquidity and supporting innovation-driven growth. The People's Bank of China, the country's central bank, cut its policy rate and reduced the reserve requirement ratio. Additional measures were announced to shore up technological innovation, consumer services and businesses impacted by U.S. tariffs. Now, China's economy grew by 5.4% during the first quarter of this year and value-added industrial output expanded 6.5% year on year. Retail sales also grew by 4.6% in the first quarter. Against the better-than-expected quarterly figures, why is China rolling out these measures? How will they affect the economy in the short to mid-term? And how have markets reacted so far?

Beijing moves to increase stimulus into the economy from rate cuts to liquidity injections in an attempt to counter the effects of President Trump's tariffs. U.S. and Chinese officials are due to hold trade talks in Switzerland this weekend. India bombs targets in Pakistan in retaliation for last month's terror attack on Hindu tourists in the divided region of Kashmir. Danish pharma giant Novo Nordisk slashes its FY forecast despite an 18 per cent surge in quarterly sales.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is BRICS, really — a loose coalition of emerging economies, or a growing challenge to Western-led global governance? In this episode, we take a deep dive into the origins, goals, and internal dynamics of BRICS, the group that brings together Brazil, Russia, India, China, South Africa — and now a new wave of members. Why do such diverse countries come together under one banner? What does BRICS actually do, and how effective is it in turning ambition into action? We explore China's and Russia's strategic interests, the Global South's discontent with the current international system, and whether BRICS could offer a real alternative to institutions like the UN, G7, IMF, or World Bank. We also discuss recent developments — from the war in Ukraine to U.S. trade policy — and ask: Is BRICS moving toward a shared ideology? Can economic cooperation within the bloc grow? And how realistic is the idea of a BRICS currency — or the broader push toward de-dollarizing global trade? To unpack all this and more, we're joined by Ingrid D'Hooghe and Ksenia Radchenkova, offering insights on geopolitics, economics, and the shifting architecture of international power.Guests:Dr. Ingrid d'Hooghe is Senior Research Associate at the China Centre of the Clingendael Institute and Senior Research Fellow at the LeidenAsiaCentre, The Netherlands. Her areas of expertise include China's strategic thinking and policy making in areas such as international relations and diplomacy, global governance, and science and technology.D'Hooghe holds a Master's degree in Sinology from Leiden University, The Netherlands, and a PhD in political science from Antwerp University, Belgium. She started her career as a policy officer at the Dutch Embassy in Beijing in the period 1989 – 1991 and has since worked as a China researcher and lecturer at various universities and think tanks, and as an advisor to Dutch government organizations, the European Commission, and European research institutions. She also presents at top universities and think tanks around the globe, and at institutions such as the European External Action Service and NATO. She publishes in academic and popular journals and appears regularly in the media. Recent publications address European universities' S&T collaboration with China, and China's maritime activities in disputed areas in the South China Sea.Ksenia Radchenkova, BA. spec. M.Sc. Ph.D is a Post-Doctoral Researcher and Coordinator for Eastern European, Eurasian and Asian research and cooperation projects at the Section Global Governance at the Institute for the Foundations of Law of the University of Graz. She was awarded her Bachelor's and Specialist's degrees in Sinology and Chinese Economy from the Far Eastern State University in Vladivostok, Russia. She subsequently obtained her Master of Science degree in Technology Economy Management from Xiamen University, People's Republic of China. Following several years of professional experience in the field of international trade as an operations manager, Radchenkova returned to academic pursuits in Austria, where she successfully defended her PhD in Law and Politics, entitled "The Concept of Sovereignty in Political and Legal Discourse in Russia and China", at the University of Graz, Austria. Radchenkova's current position entails the integration of her business experience with her academic background, with the objective of enhancing the international connections of the University of Graz. She is also committed to the promotion of excellence in research within the domain of international relations and politics. Moderation:Marylia Hushcha, Researcher and Project Manager at the IIP.The episode was recorded on 17 April 2025 with the support of The Austria Future Fund and the Conflict Peace Democracy Cluster of the Federal Ministry of the Republic of Austria - Education, Science and Research.

China's economy expands by 5.4 per cent in the first quarter but President Trump's levies on the country fuel concerns about further stimulus measures from Beijing. ASML net bookings are down with the Dutch chip maker warning the Trump tariffs have heightened demand uncertainty. The U.S. president has called for a tariff probe into critical minerals, pushing mining stocks down and potentially opening a new front in his tariff offensive. Nvidia shares tumble after the semi-conductor giant warned of a $5.5bn charge for Q1 related to GPU chip exports to China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jayant Bhandari, a private strategic resource investor that consults many high-net-worth investors, joins me to share his takeaways on the economic health of China, US and China trade relations, his outlook on copper demand and gold demand, and opportunities he sees in handful of junior resource stocks.   We start off in a general discussion about the economic health in China, since he is traveling there for a couple of months at present and have frequently traveled there for stretches of time over many years.  This leads into discussions about all the recent news on US/China trade relations, tariffs, and manufacturing.   The focus then shifts to the importance of China to the whole commodities sector, since they also have most of the processing and manufacturing capacity on a global scale.  We get Jayant's outlook on both gold and copper demand, why he remains quite bullish on gold, but is less certain of the future demand from China as it relates to copper.   The balance of the discussion focuses in on value arbitrage setups and opportunities in a number of resource stocks he holds in his own portfolio.  Companies that we review are:  Integra Resources Corp. (TSXV: ITR) (NYSE American: ITRG), NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF), the merger of Quebec Precious Metals Corporation (TSXV:QPM) with Fury Gold Mines Ltd (TSX: FURY)(NYSE American: FURY), Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF), and Aztec Minerals Corp. (TSX-V: AZT), (OTCQB: AZZTF).   Coming full circle in this discussion, we highlight the mad rush into many niche critical minerals like tungsten, antimony, geranium, and rare earths due to the export restrictions from China of these metals into the US.   Wrapping up, Jayant shares more information about why listeners may want to attend his Capitalism and Morality conference on August 22-23 this year in Vancouver.  KER listeners get a coupon code for 10% off admission.*   Coupon code for 10% discount: KEReport25   https://jayantbhandari.com/capitalism-morality-2025/      

After parliament was recalled on Saturday to save British Steel's Scunthorpe plant, Alun Davies National Secretary for Steel for Community Union is with us with a Welsh steel worker's reaction. Ian Williams, long time foreign correspondent and author of Vampire State: The Rise and Fall of the Chinese Economy tells us what the US-Chinese trade war means for the rest of us. Chief Political Editor of DW news Michaela Kuefner explains how and why German politicians made a coalition deal as quickly as possible. Guto Bebb, CEO of the FUW says that changing the way farming subsidies are paid is bad for Welsh agriculture. And Jill Rundle, chair of the national federation of the Women's Institute in Wales talks about all the WIs campaigns. Sarah Jones, Vicar of St John the Baptist church in Cardiff and Cllr George Carroll, leader of the Vale of Glamorgan's conservatives are in the studio to review the papers with our presenter, Vaughan Roderick.

After doubling down on his promise not to pause his latest tariffs, Donald Trump has announced a 90-day pause for most countries except China. Why did he change his mind? Jonathan Freedland speaks to James Bennet of the Economist about who might have forced the president's hand, and what could happen next

0:00 - Tariffs 14:15 - FLASHBACK: Pelosi in '96 on China/tariffs/trade deficits 31:58 - Jim Iuorio, host of “The Futures Edge Podcast” and special contributor to Wirepoints: Trump is trying to fix the trade deficit in two years when it should take five to eight. For podcast updates and more @jimiuorio 51:39 - Danielle Carter-Walters, Chicago Flips Red, on sanctuary cities before House subcommittee 01:11:26 - Adam B Coleman, author and the founder of Wrong Speak Publishing, discusses his upbringing, becoming a father and his new book The Children We Left Behind: How Western Culture Rationalizes Family Separation & Ignores the Pain of Child Neglect. Follow Adam on X @wrong_speak 01:29:54 - Clinical Professor of Law and Director of the Securities Law Clinic at Cornell Law School, William Jacobson, on campus free speech issues and the Trump admin’s freezing of funds to Cornell and Northwestern Universities. Professor Jacobson is also founder of LegalInsurrection.com and president of the Legal Insurrection Foundation 01:49:40 - Ian Williams, former foreign correspondent for BBC Channel 4 News and NBC: China is ready for a trade war with America. Check out Ian’s book ‘Vampire State. The rise and fall of the Chinese Economy’ 02:05:18 - Norbert J. Michel, vice president and director of the Cato Institute’s Center for Monetary and Financial Alternatives, says Free Trade Didn’t Kill the Middle Class - instead, the middle class has thrived over the past 40 years. Follow Norbert on X @norbertjmichelSee omnystudio.com/listener for privacy information.

China's economy is off to a good start, with the added value of industrial enterprises above the designated size increasing by 5.9 percent in the first two months of the year.

This episode of Macro Mondays aired live at 12pm on Monday, the 3rd of March, 2025. Join us every Monday at 12pm UK time for Macro Mondays LIVE with James Brodie and James Todd, as we unpack the major developments shaping global markets and look ahead to a pivotal week.Key highlights this week: • Weak U.S. data as market fears growth over inflation • Trump stirs geopolitical tensions; tariff announcements Tuesday • Nasdaq regains support • Tesla down 41% off highs • China data improves - signs of recovery?Key data releases this week: • Monday – US ISM Manufacturing PMI • Tuesday – Trump sets tariff levels, Aussie retail sales, EZ Unem. Rate • Wednesday – EZ, UK & US services PMI, ADP employment • Thursday –  ECB (25bp cut expected), initial jobless claims • Friday – EZ GDP, US & Canadian payroll dataTune in for expert insights, actionable analysis, and an in-depth look at how these shifts impact the markets and your strategies. Don't miss it! https://linktr.ee/onyxcapitalgroup Follow us: YouTube: https://www.youtube.com/@worldofoilderivatives LinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/ X: https://x.com/Onyx__Edge TikTok: https://www.tiktok.com/@onyxcgroup Instagram: https://www.instagram.com/onyxcgroup/ CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs and spread bets. You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

Asia Society Policy Institute's Center for China Analysis experts Sungmin Cho, Fellow on Chinese Politics, Foreign Policy, and National Security; Brendan Kelly, Fellow on Chinese Economy and Technology; Philippe Le Corre, Senior Fellow on Foreign Policy; and Pascale Massot, Fellow on Political Economy, explore China's foreign policy. Lyle J. Morris, Senior Fellow on Foreign Policy and National Security moderates the discussion.Asia Inside Out brings together our team and special guests to take you beyond the latest policy headlines and provide an insider's view on regional and global affairs. Each month we'll deliver an interview with informed experts, analysts, and decision-makers from across the Asia-Pacific region. If you want to dig into the details of how policy works, this is the podcast for you. This podcast is produced by the Asia Society Policy Institute, a “think-and-do tank” working on the cutting edge of current policy trends by incorporating the best ideas from our experts and contributors into recommendations for policy makers to put these plans into practice.

Chinese equities are hot right now. Global hedge funds have been snapping up Chinese stocks this year, fueled by the emergence of artificial intelligence startup DeepSeek. What are the implications of the buying spree for the country's equity market and the whole economy? How long will the momentum continue? How may the world's investment landscape change as a result? And as global institutional investors chase China's tech companies, could they stir up undesired bubbles on the country's equity markets?In this episode of Chat Lounge, host Tu Yun joins William Lee, the Chief Economist with the U.S.-based Milken Institute, Dr. Qu Qiang, a Fellow of the Belt and Road Research Center, Minzu University of China, and Chen Jiahe, the Chief Investment Officer of the Beijing-based Novem Arcae Technologies to examine the issue in detail.

Trump's new tariffs threaten to disrupt e-commerce giants like Shein, Temu, and Amazon Haul by eliminating duty-free imports under $800. Today's Stocks & Topics: NNE - Nano Nuclear Energy Inc, OKLO - Oklo Inc., FLR - Fluor Corp., Market Wrap, Shein, Temu, Amazon Haul Face Price Surge as US Closes Loophole, Tariffs on China Can Affect Vietnam?, CE - Celanese Corp., China Reacts To US Trade Tariffs, TNXP - Tonix Pharmaceuticals Holding Corp., ALAR - Alarum Technologies Ltd. ADR, MMM - 3M Co., Stocks and Taxes, Chinese Economy.Our Sponsors:* Check out Fabric: https://fabric.com/INVESTTALK* Check out Indochino: https://indochino.com/INVEST* Check out Kinsta: https://kinsta.com* Check out ShipStation: https://shipstation.com/INVEST* Check out Trust & Will: https://trustandwill.com/INVESTAdvertising Inquiries: https://redcircle.com/brands

Center for China Analysis experts, Qiheng Chen, Affiliated Researcher on Technology and Economy; Michael Hirson, Fellow on Chinese Economy and Technology; and Lizzi C. Lee, Fellow on Chinese Economy, delve into the Chinese economy. G.A. Donovan, Fellow on Chinese Society and Political Economy, moderates the discussion.Asia Inside Out brings together our team and special guests to take you beyond the latest policy headlines and provide an insider's view on regional and global affairs. Each month we'll deliver an interview with informed experts, analysts, and decision-makers from across the Asia-Pacific region. If you want to dig into the details of how policy works, this is the podcast for you. This podcast is produced by the Asia Society Policy Institute, a “think-and-do tank” working on the cutting edge of current policy trends by incorporating the best ideas from our experts and contributors into recommendations for policy makers to put these plans into practice.

For decades, China's reform and opening-up era brought economic growth, political stability, and greater openness to both ideas and investment from the outside world. But in recent years, the country has shifted into what Professor Carl Minzner describes as an "age of counterreform." What defines this new era, and how are China's leadership and society adapting?  In an interview recorded on November 21, 2024, Carl Minzner joins the National Committee to discuss the evolution of political norms, the future challenges China will face, and the return to centralized party control under Xi Jinping's leadership.   About the speaker: https://www.ncuscr.org/video/counterreform-carl-minzner/  Subscribe to the National Committee on YouTube for the video of this interview. Follow us on Twitter (@ncuscr), Instagram (@ncuscr), and LinkedIn.

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The bond market sell-off continues around the world with the benchmark yield rising in the UK, Germany, Japan and the U.S. The 10-year yield is now at its highest level since April 2024. The Chinese economy is struggling against deflation with CPI data plunging to a 5-month low in December. Manufacturing prices remain in deflationary territory for the 27th-straight month. President Biden is reportedly due to sign off on a final round of A.I. chip export restrictions ahead of the Trump presidency in 11 days' time in a bid to coerce allies to align themselves with U.S. standards in the sector. And in Los Angeles, wildfires have now spread into the iconic Hollywood Hills. President Biden has declared a major disaster. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chinese services activity hits a seven-month high on the back of strong domestic demand. The strength of the dollar pushes the yuan to a 16-month low. In autos news, Xpeng shares are up following the announcement of a Chinese EV charging network deal with Volkswagen. Tesla CEO Elon Musk intervenes further into UK politics arguing for a snap election and withdrawing his support for Reform leader Nigel Farage. Strong demand for A.I. helps Foxconn to record quarterly revenues and lifts the wider sector ahead of a key speech by Nvidia CEO Jensen Huang later today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Kyle Bass is the founder and chief investment officer of Hayman Capital Management, and he's known for his prescient bets on major global economic events.In this episode, we dive into why he believes China's economy is collapsing, why Bytedance hasn't sold TikTok despite a looming January deadline, and what he believes the big economic and financial priorities of the incoming Trump administration should be.Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.

Journalist and author Ian Williams joins Eamon to talk about his new book VAMPIRE STATE - THE RISE AND FALL OF THE CHINESE ECONOMY published by Birlinn. Ian Williams was foreign correspondent for Channel 4 News and NBC in Moscow, the Indo-Pacific and China. Ian has also covered conflicts in the Balkans, the Middle East and Ukraine. He won Emmy and BAFTA awards for his discovery and reporting on the Serb detention camps during the war in Bosnia. Recorded on Tuesday 29th October 2024. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.

U.S. producer price inflation comes in hotter than expected on the back of the CPI data earlier in the week. The print potentially casts some doubt over next week's widely anticipated Fed rate cut. Speaking to CNBC at the NYSE, President-elect Donald Trump said he was optimistic for investors. Asian equities, however, move lower and China's 10-year treasury bond hits a record high following an uninspiring readout from the country's Central Economic Work Conference. In Frankfurt, the ECB cuts rates by an expected 25bps but President Christine Lagarde tells CNBC that a larger move had been mooted. In Germany, industry continues to falter with electricity prices hitting an 18-year high following poor returns from renewable sources. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ian Williams is an author and award-winning journalist - a long-time foreign correspondent in Russia, China and the Far East, where he worked for Channel 4 News and NBC. He is the author of Fire of the Dragon - China's New Cold War, and Every Breath You Take - China's New Tyranny, a study of China's surveillance state. He is currently a PhD candidate at the War Studies Department, King's College London, where he researches the converging offensive cyber strategies of China and Russia. ---------- LINKS: https://www.amazon.co.uk/Vampire-State-Rise-Chinese-Economy/dp/1780278373 https://ianwilliamsauthor.net/ https://x.com/ianwill https://www.kcl.ac.uk/people/ian-williams ---------- SILICON CURTAIN FILM FUNDRAISER A project to make a documentary film in Ukraine, to raise awareness of Ukraine's struggle and in supporting a team running aid convoys to Ukraine's frontline towns. https://buymeacoffee.com/siliconcurtain/extras ---------- SUPPORT THE CHANNEL: https://www.buymeacoffee.com/siliconcurtain https://www.patreon.com/siliconcurtain ---------- TRUSTED CHARITIES ON THE GROUND: Save Ukraine https://www.saveukraineua.org/ Superhumans - Hospital for war traumas https://superhumans.com/en/ UNBROKEN - Treatment. Prosthesis. Rehabilitation for Ukrainians in Ukraine https://unbroken.org.ua/ Come Back Alive https://savelife.in.ua/en/ Chefs For Ukraine - World Central Kitchen https://wck.org/relief/activation-chefs-for-ukraine UNITED24 - An initiative of President Zelenskyy https://u24.gov.ua/ Serhiy Prytula Charity Foundation https://prytulafoundation.org NGO “Herojam Slava” https://heroiamslava.org/ kharpp - Reconstruction project supporting communities in Kharkiv and Przemyśl https://kharpp.com/ NOR DOG Animal Rescue https://www.nor-dog.org/home/ ---------- PLATFORMS: Twitter: https://twitter.com/CurtainSilicon Instagram: https://www.instagram.com/siliconcurtain/ Podcast: https://open.spotify.com/show/4thRZj6NO7y93zG11JMtqm Linkedin: https://www.linkedin.com/in/finkjonathan/ Patreon: https://www.patreon.com/siliconcurtain ---------- Welcome to the Silicon Curtain podcast. Please like and subscribe if you like the content we produce. It will really help to increase the popularity of our content in YouTube's algorithm. Our material is now being made available on popular podcasting platforms as well, such as Spotify and Apple Podcasts.

As China's economy crumbles and Xi's grip on power weakens, will that mean war with America? Joining us today is Gordon Chang. He's a journalist and author of several books including his latest: Plan Red: China's Project to Destroy America. Follow Gordon Chang on X! @GordonGChang https://www.gordonchang.com/ Don't forget to subscribe to the channel and hit that bell icon to get notified when new videos come out: https://bit.ly/3u1eKSZ And check out our other channel China Uncensored: https://youtube.com/channel/UCgFP46yVT-GG4o1TgXn-04Q Merchandise: https://www.chinaunscripted.com/merchandise Our website: https://www.chinaunscripted.com/ YouTube demonetizes our videos, which is why we rely on support from viewers like you. Please join our 50¢ army at: https://www.patreon.com/chinaunscripted https://www.chinauncensored.locals.com https://www.chinaunscripted.com/support Our social media: Twitter: https://www.twitter.com/ChinaUncensored Facebook: https://www.facebook.com/ChinaUncensored Instagram: https://www.instagram.com/ChinaUncensored #China

Journalist and author Ian Williams joins Eamon to talk about his new book VAMPIRE STATE - THE RISE AND FALL OF THE CHINESE ECONOMY published by Birlinn. Ian Williams was foreign correspondent for Channel 4 News and NBC in Moscow, the Indo-Pacific and China. Ian has also covered conflicts in the Balkans, the Middle East and Ukraine. He won Emmy and BAFTA awards for his discovery and reporting on the Serb detention camps during the war in Bosnia. Recorded on Tuesday 29th October 2024. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.

On October 23, 2024, Tom DiLorenzo appeared NOW with Stacy Washington, to explain how the Chinese Communist Party is imitating what the Federal Reserve did in the early 2000s.The original episode is available on SalemNewsChannel.com.Stacy Washington (SW): Welcome back to Salem News Channel. There's no room for argument when it comes to which candidate in this election will fix our economy. We know what both plans are, and John Paulson wrapped it up nicely on Fox Business.Fox Business: And I feel like it's so disingenuous of Kamala Harris to talk about plans to rein in inflation by, you know, getting corporations to admit that they've been price gouging. It's so disingenuous to not recognize the $7 trillion in spending on how we got there. Yeah, that's because they don't really have an economic plan. Their plan is spend, increase government spending, increase taxes, increase the deficit. That doesn't work.SW: Mm-hmm. So when business people talk about the economy in conjunction with the election, you get analysis like that, not, oh, he can't be my babysitter, so he can't be my president. We turn now to China's economy, trying to bolster it's standing by citizens investing in stocks. Joining me now to break this down is president of the Mises Institute, Thomas DiLorenzo. Thomas, welcome back to the program.Tom DiLorenzo (TD): Thanks for having me again, Stacy.SW: It's good to have you here. So talk to us about this. You have China's economy and they're allowing investments? What's going on here?TD: Well, I think what's going on is the Chinese Communist Party decided they basically want to imitate what our Federal Reserve did in the early 2000s. They're dropping interest rates and they do have allow private investment over there. And so they're claiming that the reduction in interest rates that is being caused by a flooding more money into the Chinese economy is going to stimulate their economy. That's the exact same argument that our Federal Reserve made in the early 2000s. They said they wanted to create a housing bubble. One of their advisors, Paul Krugman, the New York Times columnist, said after the stock market crash of 2000, he said in the New York Times, we need to create a housing market bubble. Well, they did. And the Chinese economists, or Chinese government, I just read today, said the same thing. They said they want to create, they didn't call it a bubble, they want to create "investment in housing". But that's what will happen. They're flooding their economy with money and lowering interest rates, creating some sort of housing bubble. So investors are looking at this and they're saying, well, if the Chinese economy picks up and maybe doubles the GDP growth, well, people are going to be wealthy enough to be gambling, again, in Macau, where all these American casinos are located. That's where the investment is going now. The speculative investment is going into these mostly American-owned casinos in Macau, part of China, and the price of the stocks of these casinos has been going up very, very strongly in the last day or two because of that. But bubbles always burst. And so they'll probably create some temporary prosperity, but the bubble will burst and no one can predict when the bubble will burst, but it will. And then that's what happens when the central banks create too much money.SW: So what happens in conjunction with our economy? Because like it or not, the American economy is impacted by what happens in China because they're a major trading partner for us. When their bubble bursts, what will we see happening here?TD: Well, when China or any country becomes more prosperous, they have a better ability to buy American goods, American exports. And so it wouldn't be good in general for them to become poorer when the bubble bursts. But in the meantime, the American casino companies will do very well and everything related to the casino companies in Las Vegas, because they have these very big businesses in Macau now, very big casinos, some much bigger than the ones in Las Vegas. And so that part of the US economy will be prospering temporarily, but it'll create a bust in China, just like it creates a bust in America or England or France or Mexico or anywhere else, whenever the central bank, ours is called the Federal Reserve, steps on the gas and prints too much money. That's what happened in 2008. We had the bubble in real estate that burst. It was right after a bubble that was created in a stock market, yet again, in 2000, that bubble burst and we had a recession thereafter. It wasn't nearly as bad as the '08 recession, but it was a recession, very deep recession. And that's what's going to happen in the economy in China, I believe.SW: So the thing that we're concerned with is obviously, I mean, it's a little bit of a flex that they're copying something that our Federal Reserve did years and years ago, but the end result will not be exactly what they're hoping for. So have they really looked at this? What do we know about their thought process for implementing this, knowing that the possibility, the end of it could be bad?TD: Well, it's interesting. Our politicians are always short-sighted because they're always looking to make themselves look good before the next election. But you've got a dictatorship in China, but they still want to be popular. They don't want to be overthrown, even if you're a dictator, especially in a country with over a billion people. And so what our politicians and politicians all over the world do is they know this. They can study the history as well as you or I can. And they know that they can pump up the economy, especially before an election, like in our economy, and which is what they're doing now, which is sort of a feeble attempt to cut interest rates a couple of weeks ago by the Federal Reserve to help the Kamala Harris campaign. But that seems to have backfired because mortgage rates are going back up this week. And so they know that, but the game is to make themselves look good temporarily. And then when the crash happens, they blame somebody else. It was like the Biden administration created all this inflation with the help of the Federal Reserve, printing money to finance all of their endless spending programs. And now they're blaming corporations for price gouging, which is very silly. It's sort of the propaganda tool that Democrats always use. You know, if these corporations have the ability to just willy-nilly raise prices like they do now, why don't they do it all the time? All of a sudden, Kamala Harris is running for president. All of a sudden, they decide, let's make more money with price gouging. And it makes no sense at all. So it's just a rhetorical mumbo jumbo. They're hoping that American voters are so ignorant that they will fall for this, the price gouging thing. And Chinese communist politicians are politicians. They don't want to make the public too angry with them. There's always a threat of a revolution or a revolt, even in communist countries like China, which has moved away from pure communism, of course, but their government still is a communist party of China. I think they're doing the same thing, basically, that our politicians do, trying to make themselves look good temporarily. And, from their perspective, they probably think, well, maybe that'll invite more foreign investment in China, if they can brag that their economy is growing. more robustly, there might be more foreign investment in China.SW: Well, I think what they're missing is that there is no shortcut to economic prosperity. Good policy year over year brings good prospects. It's actually a complex mix. You can't just have good policy. You also have to have a business environment, a regulatory environment, and you have to have people who are producing products, goods, and services. And then you have to have people who are earning money to be able to purchase it. So, you know, the communist paradigm goes against the free market system. And it's kind of hard for them to, you know, kind of pick and choose little bits of it that they wanna stick into their communist reality. I think it's interesting that they're at least acknowledging. This is an acknowledgement that their system doesn't really work and ours does. As flawed as ours is, it's far better than what they're working with. And I think that's the big takeaway here among the other details that you shared. Thomas DiLorenzo, president of the Mises Institute. Thank you, sir, for joining me today. TD: Thank you for having me.

PREVIEW: Colleague Anne Stevenson-Yang, author of the book "WILD RIDE: A Short History of the Opening and Closing of the Chinese Economy", will comment on the unlikely event that Xi Jinping can revive the sinking "China Miracle" by emphasizing high-end manufacturing. More details on this to come later in the program. 1940 Charlie Chplin The Great Dictator

China's economy is a disaster. Just how big of a disaster is unknown to even Xi Jinping. Joining us today is Christopher Balding. He's a Senior fellow at the Henry Jackson society. He's also the founder of New kite data labs, a small think tank focused on China, data, technology and the economy. Don't forget to subscribe to the channel and hit that bell icon to get notified when new videos come out: https://bit.ly/3u1eKSZ And check out our other channel China Uncensored: https://youtube.com/channel/UCgFP46yVT-GG4o1TgXn-04Q Merchandise: https://www.chinaunscripted.com/merchandise Our website: https://www.chinaunscripted.com/ YouTube demonetizes our videos, which is why we rely on support from viewers like you. Please join our 50¢ army at: https://www.patreon.com/chinaunscripted https://www.chinauncensored.locals.com https://www.chinaunscripted.com/support Our social media: Twitter: https://www.twitter.com/ChinaUncensored Facebook: https://www.facebook.com/ChinaUncensored Instagram: https://www.instagram.com/ChinaUncensored #China

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China's economy has been described as “unsustainable” after a model of massive growth in recent decades begins to fail. How does it currently work, how might it change – and is Xi Jinping capable of leading – or even simply acknowledging – the shift it requires? With critical economists being jailed or literally disappearing in China, Ian Williams, the author of Vampire State: The Rise and Fall of the Chinese Economy, joins Gavin Esler to discuss the shifting economic landscape in China, its impacts and what might fix it.  We are sponsored by Indeed. Go to Indeed.com/bunker for £100 sponsored credit.   www.patreon.com/bunkercast     Written and presented by Gavin Esler. Audio production by Tom Taylor. Managing Editor Jacob Jarvis. Group Editor Andrew Harrison. Art by James Parrett. Music by Kenny Dickinson. THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices

State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world's most populous nation – nor the often bruising and mind-bending experience of doing business with the Middle Kingdom. Ian Williams, a long-standing reporter on China, has a new argument in Vampire State: The Rise and Fall of the Chinese Economy (Birlinn, 2024).  Rules and agreements mean little. Markets are distorted, statistics fabricated, foreign industrial secrets and technology systematically stolen. Companies and entrepreneurs, at home and abroad, are bullied – often with the collusion of the victims themselves. The Party is in every boardroom and lab, with businesses thriving or dying at its will.  All this is part of realising President Xi Jinping's ambition of China becoming the world's pre-eminent economic, technological and military power. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars.   Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

On this week's episode of the Trade Guys, we are lucky to be joined by Scott Kennedy, the Senior Adviser and Trustee Chair in Chinese Business and Economics at CSIS. Discussion topics include the origins of China's economic downturn, Taiwanese investment in China, and what the future may hold for the world's second-largest economy and its trade relationships.

PREVIEW: PRC: JAPANIFICATION Conversation with colleague Chris Riegel of SCALA.com regarding the sinking Chinese economy and its vast credit unworthiness in the trillions, potentially reaching double-digit trillions. More details tonight.  1930 Hong Kong

HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE:   1/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1936 MOSCOW

HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE:   2/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1937

HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE:   3/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1936

HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE:   4/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1943

AS THE THIRD PLENUM STRUGGLES:  2/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1927 WUHAN POSTCARD

AS THE THIRD PLENUM STRUGGLES:  3/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1927 WUHAN POSTCARD

AS THE THIRD PLENUM STRUGGLES:  1/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1945 FOURTH ARMY CHINA

AS THE THIRD PLENUM STRUGGLES:  4/4: Wild Ride: A short history of the opening and closing of the Chinese economy by  Anne Stevenson-Yang  (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. UNDATED PEKING STATION