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The cause and effects of China’s slow-motion crash

Reuters

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The world’s second-largest economy experienced the largest credit boom and bust in recent history. On this episode of The Big View, Logan Wright of Rhodium Group explains why debt, deflation, slow growth and industrial overcapacity will be hard to shift in the People’s Republic.

#News #Reuters #Newsfeed #creditboom #industrialovercapacity #deflation

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20 Comments

@michaela6016 2 months ago

Excellent interview, thanks so much! I'd appreciate a second part, detailing the consequences / need for action

@firstmkb 1 month ago

@Reuters & @Logan - please bring Logan back when you can. Before I watched this episode it seemed long. By the time it ended it seemed too short. Well done, sirs!

@briancarl5566 1 month ago

Great discussion, well done 👍

@peterfmodel 1 month ago

I worked in the PRC from 1999 up to 2018 and I really saw changes start about 2008 and ramp up big time by 2016. When I left in 2018 it was almost a different country compared with 2004.

@seankim2743 2 months ago

Thanks for the insightful interview. It's been enlightening and added more details about internal mechanisms of China's current economic status.

@hastagrana 1 month ago

Congrats. Very well-thought out and reasoned analysis. I wished policy makers in US / EU hear this message and take necessary steps (e.g., protect against rare earth threats, etc.)

@danielkennedy2371 1 month ago

Wow. If even Reuters is now acknowledging this, it must now be fully undeniable

@harrypotter43666 1 month ago

Very illuminating with concrete statistics and economic laws.

@ewinbarnett9411 1 month ago

It took the USSR about 70 years to consume all available capital within its jurisdiction. One day, it just ceased to function.

@claudiubriciu9819 1 month ago

Thank you

@Erritae 1 month ago

Excellent.

@pangolin3688 1 month ago

Thanks to both; very informative. Excellent

@RhettLewis-t3e 1 month ago

It will be interesting to watch over the next 5 years or so

@alexswanson7127 1 month ago

History unequivocally shows that top-down, authoritarian systems are inherently economically inefficient. The only reason this isn't taken for granted in the West is that moder Wetern countries are dominated by elites who support authoritarianism with themselves in charge and they refuse to admit that the more power they have, the worse life is in every way for normal people.

@key4816 2 months ago

It is alarming to see the food and beverage industry embarking on a round of excessive price-cutting. The pattern is playing out exactly like the bursting of Japan's economic bubble. Frankly, as a Japanese person, I would be in a real bind if China didn't manage to hold out a little longer.