The loans for those are a big part of the problem. Add in significant quality issues with the construction of anything there. Search “bridge collapse China” for some eye opening articles.
It is a society that is closed in many ways, something is driving them to build fast, and cut corners in quality, while borrowing to do it.
Have you ever followed Bill Bonner? Interesting viewpoints.
Also, I just came across a youtube meme that I’m glad I JUST came across. It is September 27, 2016.
Yeah, those types of things pop up all the time, but I always like to follow the ones that are just a week or two away. I did that with a guy that wrote a book called The Harbinger (jonathan Cahn, I believe), that turned out to be WAY off. He really did sound believable, too.