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This is John Bachelor conversation with my my friend Chris Regal, the CEO of scholar.com who does business on all

the continents about why is it that China's economy once regarded as a miracle is declining so rapidly. Why is it that the authorities

in Beijing, Shijin ping, and the central bankers cannot restore credibility, confidence to the marketplace. It has to do with the consumer,

it has to do with manufacturing. It also has to do with the education these last years in the

West, foreign investment that China is not a trustworthy

partner that the supply chain is at risk here's Chris to explain many factors go

into the decline of the Chinese economy and there's no one

explanation for when it can revive itself. Chris Wiegel, Scholar.com.

So, John, that Mr. She certainly has tried to pivot the Chinese economy to more of a

consumptive economy to have more autonomy there from global markets but unfortunately for him Chinese

tend to be profligate savers and not spenders certainly not in the Western

sense of spending so they've never really fully taken on that consumerism,

taken on credit cards, taking on debt, the way that you'd see in the West.

...