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S8 Ep1222: Anne Stevenson-Yang, author of Wild Ride: A Short History of the Opening and Closing of the Chinese Economy, provides an account
Anne Stevenson-Yang, author of Wild Ride: A Short History of the Opening and Closing of the Chinese Economy, provides an account of China's economic arc over five decades. The narrative begins in the mid-1980s, transitioning from a Maoist culture characterized by extreme poverty to a burgeoning export-led economy envisioned by Deng Xiaoping. This "miracle" was fueled by "red capitalism," where the children of political elites—the princelings—amassed massive wealth by controlling key economic nodes and resources. The central government sustained growth through aggressive interventions…
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