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China : The Bubble that Never Pops
The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. A banking system more than twice the size of the U.S. and an economy still a third smaller. A looming trade war with the United States that threatens to lock its factories out of the world's biggest market. An urban landscape littered with ghost towns of empty property. An industrial sector
strewn with state-owned zombie firms. A two-hundred million strong migrant workforce treated as second-class citizens in the cities where they live and work.
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