I'm John Bachelors with my colleague and friend Mary Kessel,

Executive Vice President Stevens Incorporated former Senior

Advisor to the Secretary of State and many years in Hong Inc.

Former Senior Advisor to the Secretary of State, and many years in Hong Kong for the

most eternal editorial page, she traveled Asia during the period of the

Chinese miracle, the rise from the 1990s when Jana joined the WTO to the build out of the

cities, the marvelous towers, the reproduction of Versailles, of Wall Street all across the land,

build it and they will come. And now we come to Shijin Ping in power since 12 and the decline is dramatic, it's undeniable, a property collapse.

Right now, a judge has ruled that Evergrand is in total failure.

There's no refinancing possible. though one of, if not the largest

developer in China. What does this mean? A recognizable property bubble if we were in the West,

but China does not have language for that.

Instead, what we're looking at is,

Iran, your own, says the Central Bank,

to the municipalities.

They built the cities, but nobody came.

The people concentrated in Beijing and Shanghai and a few other

cities on the East Coast and everybody else scrambling for themselves while they can't

pay their teachers, they can't pay their firemen, and then Mary, the Financial Times says bluntly that

the U.S. is buffered from the collapse of the Chinese miracle because over these last years, major investors have left the country or been forced out.

There is genuine concern of disorder that the Chinese Communist Party meets with brutality.

At this point, the question is, can China revive itself?

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