ChinaMy Comment: China has serious economic problems and they have a huge amount of debt
Will The Growing China Crises Infect The World? | ZeroHedge Excerpt:
The worst big country economy is China, formerly called the “locomotive for the world economies.” China’s economy has a serious problem; their unemployment of younger people is around 25%.
In fact, we have been warning for several years that “China will lead the global markets into the abyss” in our award-winning Wellington Letter.
China is now faced with an economy that has not only stalled out but is actually showing negative growth. At the same time, manufacturing labor costs have soared and are now roughly 400% higher than other competing manufacturing countries in South East Asia.