Leland Miller: “Look, here’s your new paradigm. It is that there is no longer a failure allowed, bankruptcies are allowed, the government backstops everything and we’re going to see how long that goes until the system implodes. So, there’s your new paradigm.”

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Demetri Kofinas speaks with Leland Miller, CEO of China Beige Book, which runs the largest private Chinese data collection operation in the world, about the state of China’s economy in the wake of COVID-19. The two discuss the impact of the global shutdown on all the major sectors of China’s economy, as well as the implications for China’s already fragile banking system.

During the overtime, Leland and Demetri consider a host of geopolitical consequences that could flow from the ongoing global disruptions. They also discuss the effects to Chinese real estate and how the CCP may try a catastrophic contraction.

 

 

h/t Kazemel89

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