The writer is chief executive of Gavekal, a Hong Kong-based financial services company
Property prices are falling. Large real estate developers have fallen into dire straits. A big financial conglomerate has missed interest payments on products sold to investors. For many investors, such recent events in the country all feel like the remake of a 2008 movie few enjoyed.
The gloomiest foretell the unfolding implosion of the Chinese economy with years of over-building, white elephant projects and unproductive infrastructure spending finally coming home to roost.
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