Hidden Forces

In Episode 358 of Hidden Forces, Demetri Kofinas speaks with Anne Stevenson-Yang, the founder of J Capital Research, which publishes highly diligenced research reports on over-valued, publicly traded companies, with a particular focus on China. Anne is also the author of several books on China and the Chinese political economy, including “Hello Kitty” and “Wild Ride: A Short History of the Opening and Closing of the Chinese Economy.” The first hour of this episode is a conversation about the history of the Chinese economic miracle, as seen through the eyes of someone who experienced those changes firsthand. Anne recounts the early phases of China’s liberalization in the 1980s, the post-Tiananmen political crackdown and subsequent rapid growth of the 1990s, and how the Asian Financial crisis at the end of that decade set the scene for the go-go years of the early 2000s, culminating in the Beijing summer Olympics and the 2008 financial crisis, which was in many ways a crisis enabled by the trade and capital im