China is Collapsing

I’ve been talking about the Chinese debt crisis for about ten years. People chided me and said that I was underestimating China and that they were doing well, so well in fact, that they would be outpacing the US in no time. I always smiled, knowing that all that growth was resting on a debt that they did not have the money to pay. China’s debt problems have finally come home to roost. Their real estate market is collapsing under its own weight and taking much of the rest of the economy with it, especially with ever more severe covid lockdowns. In this video, money manager Cathie Wood talks China and what crisis they are facing.