"They are worried about chaos,"
The government's new directive betrays a mounting anxiety among Chinese leaders that the country could be heading into a growing economic slump. Even before the trade war between the United States and China, residents of the world's second-largest economy were showing signs of keeping a tight grip on their wallets. Industrial profit growth has slowed for four consecutive months, and China's stock market is near its lowest level in four years.
https://www.nytimes.com/2018/09/28/business/china-censor-economic-news.html
How real are those "empty" cities where the chinese put their money into real estate dev and nobody moves into the buildings?
A lot of the buildings in those ghost cities are very poorly constructed too, so I doubt the buyers will ever be able to get their money back.
These guys did some up close filming at one of those places recently. (https://www.youtube.com/watch?v=XopSDJq6w8E)
If China tanks I think it will hit the West.
Quote from: littleman on October 02, 2018, 05:03:44 PM
If China tanks I think it will hit the West.
You know how they say "When the US sneezes, the world gets a cold?"