Video - Ground Zero of the Emerging Economic Slowdown? Brand new Chinese luxury apts crumble
This is a remarkable on the ground report from a couple of guys who are new to us. How they are rolling around China exposing the rotten underbelly of the Chinese crony economy we don't know. An excellent report.
China as we often say is the world's Ultimate Crony Capitalist State. The country has a system that is deeply rotten and full of shady deals, government manipulation, bad and likely toxic debt, and human repression. We've long argued that the crony capitalism within China would begin to erode the economy from the inside out. This has been happening but it may be accelerating now.
This report is from 6 months ago.