This is a good read by Professor Balding. The Epoch Times is known to be anti-CCP and Balding is as well for that matter, but this article brings up a lot of interesting points. We used to be able to count on China to be counter-cyclical, but this time around it seems they’re more intent on reigning-in their credit bubble. Are we about to see the Japanification of China, albeit with centrally-planned communist overtones?
The implications for global growth are profound so I recommend you read the following:
Article is linked here and below: