The demolitions are entertaining but the video is an excellent 6 min 18 sec overview of the incoming Chinese financial collapse.
Here's another tidbit from the video: China has 50 million homes (houses and mostly apartments and condos I expect) that were never sold and still stand empty. That's enough, the newsreader says, to house the entire populations of France, Germany, the UK, and Canada.
Central planning and corruption have created an unstable Frankenstein economy in China, and it's about to fall. Many millions of people will lose their life savings when Evergrande and other companies go belly-up.
This Evergrande collapse is just the beginning and it won't stop at the Chinese border.
The demolitions are entertaining but the video is an excellent 6 min 18 sec overview of the incoming Chinese financial collapse.
Here's another tidbit from the video: China has 50 million homes (houses and mostly apartments and condos I expect) that were never sold and still stand empty. That's enough, the newsreader says, to house the entire populations of France, Germany, the UK, and Canada.
Central planning and corruption have created an unstable Frankenstein economy in China, and it's about to fall. Many millions of people will lose their life savings when Evergrande and other companies go belly-up.
This Evergrande collapse is just the beginning and it won't stop at the Chinese border.