#HardLanding  

As I’ve been saying: Hard landing. Today’s WSJ editorial on the unravelling of the Chinese stunning.

Guess what? If you spend far too much in inefficient ways, force growth and fuel it with artificial credit, and then cover up bad loans it doesn’t end well. Ghost cities are merely the outgrowth or rotten policy.

 
15
Kudos
 
15
Kudos

Now read this

Going on the record concerning the Chinese real estate market

Even a casual observer of international economic trends can see the structural weaknesses that have accumulated in the Chinese real estate market. Here are the facts: Chinese developers are building new units at a dizzying pace. Early... Continue →