The Red Ponzi’s Vaunted Shift From Malinvestment To Shop-Till-They-Drop: Not So Much!

By David Stockman


Car sales in China, the world’s largest vehicle market, continue to tumble…. In March, retail sales of sedans, SUVs, minivans and multipurpose vehicles dropped 12% to 1.78 million units. This is after an 18.5% drop in February and a 4% drop in January.