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Red Ponzi Tottering: Even Beijing Command And Control Rapidly Weakening

Summary:
Something strange is happening in China: Beijing appears to be steadily losing control of the economy, which by definition is impossible for a centrally-planned, command economy such as China's, and yet the latest signals are clear and ominous. Consider the following: on Friday, just after Beijing reported the latest disappointing trade data for the month of June which saw exports falling 1.3% in June from a year ago - as exports to the US tumbled by 7.8% - and imports shrank a more-than-expected 7.3% .. .https://www.zerohedge.com/news/2019-07-13/meanwhile-china-beijing-losing-control-economy

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Something strange is happening in China: Beijing appears to be steadily losing control of the economy, which by definition is impossible for a centrally-planned, command economy such as China's, and yet the latest signals are clear and ominous. Consider the following: on Friday, just after Beijing reported the latest disappointing trade data for the month of June which saw exports falling 1.3% in June from a year ago - as exports to the US tumbled by 7.8% - and imports shrank a more-than-expected 7.3% ..

.https://www.zerohedge.com/news/2019-07-13/meanwhile-china-beijing-losing-control-economy

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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