China: Ten problem areas are steering economic power into the abyss

China’s economy is struggling with ten major problems, ten plagues. But no god will save the country, as in the Bible, although President Xi Jinping allows himself to be worshiped like a god. Realistically, the country has only two options to avoid a permanent economic slowdown.

Beach 1: Immobilienblase

Japan’s two lost decades began with a gigantic real estate bubble that burst in the late 1980s. In China, too, there has been a huge construction boom in recent years, which is now ending in a debacle.