The China's own ponzi economy will be mirroring the collapse of Ezubo .
"So in two short decades, China has erected a monumental Ponzi economy that is economically rotten to the core. It has 1.5 billion tons of steel capacity, but “sell-through” demand of less than half that amount.... The same is true for its cement industry, ship-building, solar and aluminum industries—to say nothing of 70 million empty luxury apartments and vast stretches of over-built highways, fast rail, airports, shopping mails and new cities.
In short, the flip-side of the China’s giant credit bubble is the most massive malinvesment of real economic resources—-labor, raw materials and capital goods—ever known"
China’s Monumental Ponzi: Here’s How It Unravels http://davidstockmanscontracorner.com/chinas-monumental-ponz...