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Shakeup or Shakedown? China's New Red Economy
The Little Red Podcast
Do You Think There's Anything Dodgy in China?
There are tons of good chinese companies with great ideas all over the economy. The problem is, is this aspirational listing in order to raise cash on the basis that maybe some day you're going to make money. And then these companies very often get way ahead of themselves and make a lot of promises,. They borrow money from friends and family and government, and then they get sewed into this growth story. It's become an absurd thing. I think they claim 250 million a buyers overseas on their commerce platforms. That kind of thing is everywhere in china.
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