This home-made clip features Hugh Hendry, founder of Eclectica Asset Management, walking around the streets of China and pointing out numerous empty buildings.
This home-made clip features Hugh Hendry, founder of Eclectica Asset Management, walking around the streets of China and pointing out numerous empty buildings.
Huge debt must have been incurred in erecting these buildings and without tenants there is no prospect of servicing the debt. What’s more, the workmanship also seems shoddy as a nearly-completed 13-story building in Shanghai collapsed last month.
Who will pick up the tab for creating all the overcapacity in the Chinese economy? RGE Monitor
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