101 East - The End of China Inc?
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There's a magic formula to becoming a millionaire in China - borrow big to earn big. For years, individuals, state-owned companies and municipalities have taken massive loans to chase the Chinese dream. Now it's payback time, but a severe economic slowdown means many are struggling to pay their debts. 101 East asks, is this the end of China Inc? More from 101 East on: YouTube - http://aje.io/101eastYouTube Facebook - http://facebook.com/101east Twitter - http://twitter.com/aj101east Instagram - http://instagram.com/aj101east Website - http://aljazeera.com/101east
Comments
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Why I cannot subscribe this Chanel
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Does China forbid travel of this reporter, Steve Chao?
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Who issued loans to china?
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These empty and/or unfinished residential communuties look like an opportunity.
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There are no problems, only scapegoating:)
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these buildings are not state-funded.
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I despise people who steal from others. No respect to China. Thieves.
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The useless vietnamese toiyeuyahweh will not show up to confront me again ,tree will grow on top of his three feet under .
This idiot dare to use the name of god to curse others country which far exceed the freedom of speech ,
protented to a religious man ,know nothing of god ,
he will be punished for carrying the most cursed name toiyeuyahweh ~ turn you away , RIP ......
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This is what he deserved
a no brainer !!! -
China end many many times from the mouth of western propaganda!
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poor miners, wtf!
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Until the Queen has to sell her jewels in order to eat, will I believe any of this fear mongering bullshit. There's plenty of money in the world for every person on Earth to be very rich. We just have to get it out of the hands of the few greedy bastards who are guarding the pile, trying to keep it all for themselves, only spending it when they see fit. There is evidence of this everywhere. For the U.S. it's military for China it's infrastructure.
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china is a nation of gamblers, greed knows no bound but stupid foolish gamblers like them always go broke
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prosperity doesn't last forever
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So sad... i'm sure the fossil fuel industry is thriving. What about the workers who make it possible at all? Such a shame.....
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china's debt comes from the sexual revolution: those naïve business managers who were serving themselves and hoping someone else would pick up the slack, as well as wealthy men pocketing the money.
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你们好,我想说的只有一句话,但是我想多说几句 这样看起来好像我说了很多话 所以我想说的事 “你们都是白痴”I know you guys dont understand Chinese ,thats fine .just copy this. and paste on https://translate.google.com/m/translate
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they have been saying this for more than 15 years., and I am still waiting.
and the most weird thing is that there are still a lot of people believing that. -
ha
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This is the problem with authoritarian regime. Like soviets china will perform very well for short term but will eventually fail. People has to think for themselves. Everything can't be planned by gov't.
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Chinese myth created by its authoritarian government.
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