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

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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.



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