58.com (WUBA) - China's Craigslist

Quote from Grandluxe:

There is no mystery at all. Eventually all great civilizations collapse. The Roman Empire, the Han Dynasty, Spain, the Ottoman Empire, the British Empire and yes, when the time comes.... Pax Americana. Keep going on though, eventually a broken clock is right twice a day.
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quite some simplification you have here,

buying crappy Chinese companies at some overvalued price that will crash eventually is not the same thing as the fall of the Roman Empire

anyway, the Chinese economy is not doing so great, a lot of unemployed, unpaid debt by companies and individuals, and the Chinese government trying to buy time with monetary and regulatory incentives. It's one big train wreck waiting to happen, like it did with Europe and the US after 2008.

not sure what will trigger it, but when it happens, it will be ugly for everyone, not only the Chinese.

For now the Chinese middle class is living the dream like it was the 80s, and we all know how it ended after the boom years of the 1980s.
 
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