Wild Ride
Anne Stevenson-Yang
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From the publisher
How did China grow, in just over four decades, from an impoverished country to the second-largest economy in the world? And how did the miracle come to an end?
To understand the story of China’s rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the 1980s, when the country first opened up. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China’s opening, from the roaring 80s to today’s malaise.
Giddy changes swept over China after the Maoist era. But Stevenson-Yang says, in her first-hand account of contemporary China Wild Ride, political reform was never the intention, despite what Western investors wanted to believe. Ultimately, China’s authoritarian political system prevented real reform from taking root.
China’s capitalist experiment is over, Stevenson-Yang argues, and China is returning to the poverty and isolation of the Mao era.
Stevenson-Yang’s is an up-close and personal account of the country’s wild ride through capitalism and back again, a rare outsider-inside story of a period of momentous change.