Alexander Stahel

In this conversation, Alexander Stahel, founder and CIO of Burggraben Holding AG, provides an insightful analysis of China’s evolving economy. He discusses the troubling real estate crisis which he likens to a Ponzi scheme, affecting both domestic and global markets. Stahel argues that China is undergoing a balance sheet recession, questioning the credibility of official debt figures. He also highlights the implications of Xi Jinping's policies on economic growth, warning that misallocated capital may lead to a rise in 'zombie companies'.