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should watch their own money and anyone putting their money in china should take a close look at what happened to jack ma, he was disappeared for 3 months, their version of canceled and then since then he s lost half of his fortune, half and that was basically 8 months ago. so that s what s going to happen to your money sooner or later if you invest it in china. maria: why did you write this book, it ends interestingly without a shot fired, but is that the realistic situation that we are watching, the book is currency war, a must-read. larry: well, you always supposed to end book on optimistic note and don t want to end it as a bummer and that was the only way to end it. it is a work of fiction. it bears no resemblance to
should watch their own money and anyone putting their money in china should take a close look at what happened to jack ma, he was disappeared for 3 months, their version of canceled and then since then he s lost half of his fortune, half and that was basically 8 months ago. so that s what s going to happen to your money sooner or later if you invest it in china. maria: why did you write this book, it ends interestingly without a shot fired, but is that the realistic situation that we are watching, the book is currency war, a must-read. larry: well, you always supposed to end book on optimistic note and don t want to end it as a bummer and that was the only way to end it. it is a work of fiction. it bears no resemblance to reality, why don t we call it
maria: welcome back, yet another crack-down from the chinese communist party, widing scoping of regulations from alibaba to didi global and just in the past week, the education technology industry with new rules against foreign investment causing steep losses from my chinese company stocks and u.s. investors. joining me right now larry lindsey, president and ceo of the lindsey group, former director of the national economic council under george w. bush and out with a new novel called currency war. it takes a look at beijing s aspirations to replace the u.s. dollar as the reserve currency of the world with the chinese yuan among other challenges the u.s. faces from the ccp. larry, good morning to you, congratulations on the new book, it is a great read and i am so thrilled to have you here to talk about china and economics as well. i want to start off with your thoughts on what we heard from the ccp the past couple of weeks on the regulatory crack-down,
maria: welcome back, yet another crack-down from the chinese communist party, widing scoping of regulations from alibaba to didi global and just in the past week, the education technology industry with new rules against foreign investment causing steep losses from my chinese company stocks and u.s. investors. joining me right now larry lindsey, president and ceo of the lindsey group, former director of the national economic council under george w. bush and out with a new novel called currency war. it takes a look at beijing s aspirations to replace the u.s. dollar as the reserve currency of the world with the chinese yuan among other challenges the u.s. faces from the ccp. larry, good morning to you, congratulations on the new book, it is a great read and i am so thrilled to have you here to talk about china and economics as well. i want to start off with your thoughts on what we heard from the ccp the past couple of weeks on the regulatory crack-down,
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