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$55 Billion Stock Crash Underscores China’s ‘Inevitable’ Date With Deflation
Earlier this month, PDD founder Colin Huang usurped water baron Zhong Shanshan atop the list of Chinese billionaires.
As of August 19, Huang, a former Googler, was worth more than $53 billion on paper, $3 billion short of his own, personal net worth record, but enough to make him the richest man in China.
That's a crown I wouldn't want, frankly. Particularly not as a tech founder. Xi Jinping harbors what, at times, looks like a pathological aversion to excess. That can manifest in ways that ar
My question is what 2nd and third order effects for the world economy and geopolitics will happen from China’s floundering economy.