Is This The Great Crash Of China?
China’s second stock market crash will be its first fully fledged economic crisis
China has achieved a remarkable transformation in the last 30 years—something that you can only fully appreciate if, like me, you visited China before that transformation began. In 1981/82, I took a group of Australian journalists on a tour of China on behalf of the Australia-China Council. The key purpose was to take part in a seminar with Chinese journalists under the auspices of the “All-China Journalists Association”. Given the unfortunate acronym by our Chinese hosts of SAPS—for the “Sino-Australian Press Seminar”—it was the first seminar between Chinese journalists and those of any other nation.
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Source: http://www.debtdeflation.com/blogs/2015/08/20/is-this-the-great-crash-of-china/#utm_source=feed&utm_medium=feed&utm_campaign=feed
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