Their economy is weak, real estate bursting bubble, low interest rates, tight lending standards... Ladies and gentlemen, China will be a third world country again soon. Forget that powerhouse you thought it were.
An interesting article on China's economy and the slow-down in online consumer purchasing. The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items https://www.businessinsider.com/china-economy-so-bad-people-wont-buy-cheap-alibaba-items-2024-7 China's largest online sales have consistently raked in billions of dollars. Now though, they seem to be losing their luster. Consumer confidence is shaky, with high unemployment and a real estate crisis dragging the economy down. (More at above url)
Liquidators Struggle to Recover Cash From China’s Broke Builders https://www.bloomberg.com/news/arti...e-to-recover-cash-from-china-s-broke-builders