Hey everyone,
Here is the article: https://www.zerohedge.com/markets/chinas-economy-suddenly-disintegrates-land-sales-crater-90
He summed things up nicely at the end: "Bottom line: Beijing is facing an economy whose wheels have suddenly come off, and unless China's political elite is willing to unleash another massive monetary and fiscal tsunami and bail out the economy all over again - something Beijing has repeatedly vowed it won't do this time - a hard landing, whether or not accompanied by a Volcker Moment, is virtually guaranteed."
I'm sure all the pedes here will have much to discuss about this.
Also fostering a culture of lying, cheating, and fraud yields... you guessed it, all of that! You might have intended it to be aimed at your opponents, but inevitably you'll have it amongst your own ranks, and that will ruin your ability to properly plan or grow because you'll never know what numbers are accurate; you'll not know if that giant three gorges dam was built to proper specification or if it will just rupture, you'll never know if the jet fighters you are developing will actually be able to be undetected by enemy radar, you'll never know if you're going to have a food shortage, and so on.
And that's just the start.