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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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China's epic hangover begins?

China's epic hangover begins? | Countdown to Financial Armageddon | Scoop.it

It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before. If this is remotely true, the calibrated soft-landing intended by Chinese authorities has gone badly wrong and risks spinning out of control.

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Sino Contagion? S.M.E. credit crisis 'could sweep China'

Sino Contagion? S.M.E. credit crisis 'could sweep China' | Countdown to Financial Armageddon | Scoop.it

The failure of a number of small and medium-sized businesses in Wenzhou marks the beginning of a much larger wave of corporate bankruptcies across the rest of China, economists warn.

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