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.
Not trying to argue, but it’s not quite as bad as you may think. In many ways, it is freer than here. There is not a police presence everywhere like there is here (at least where I was). The factory owners and their children are American ish. It was fun hearing stories about how they all beat the firewall and one kid policy.
But it is a shithole, and I would never look forward to going there.
Thanks for sharing. I wonder if the lack of a police presence is due to the 24/7 surveillance. Give up all of your privacy and you don't have cops breathing down your neck. Of course, that's just a guess on my part.
But yeah, I wouldn't want to go there.