For an aging population who sank their life savings into that 2nd, 3rd, and 4th apartments the end game doesn’t look good. It’s not the CCP that gets hurt, it’s the mom and pops. Obviously a poor investment strategy for most consumers, but I don’t see the CCP rushing in with the equivalent of TARP money.

Do a search for:

Evergrande
Country Garden
Vanke

The amount of debt is staggering and is more likely than not to end China’s consumer economy experiment. China is hosed, the question is how big are the economic ripples in the context of globalization?


(voted yes….moved on)