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Tees and sees apply, Samsung.com pricing shown. This is a scholar report with CEO Chris Regal of Scotland.com, a global technology firm transforming the retail

space with digital signage on all occupied continents and the continent at issue is

Asia. Right now watching China. The summary is at the end of 22 a year ago

the emergence from the total lockdown in China was to lead to a burst of energy and a recovery

of the great machine of miracles that we'd experience these last decades.

The short version is it didn't happen. In truth what we now

here is that the property sector where the middle class has put its life savings,

its future, the property, so far from a bubble, is a crater. And the

remedy from the central government is not our business. You take care of it. The municipalities around the country borrowed a great deal of money against land and built on that land expecting people to show up. We build it, they will come. Well they did come for three cities or maybe

four but not for all the rest who are now hobbled by an enormous amount of debt so

they can't help the middle class. The middle class has put its

savings in apartments. I'm told by my colleague Gordon Chang, there are enough

empty apartment spaces in China for one billion people. In other words beyond ghost cities

are ghost residents. That's how bad the property sector is and the remedy I'm

told by Ann Stevenson Yang from Beijing, the remedy is we'll get out of this with

manufacturing.

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