This episode is brought to you by Shopify.

That's what I hear when I make another sale on Shopify.

The all-in-one commerce platform that allows you to start, run and grow your business.

Shopify is revolutionising millions of businesses worldwide.

So sign up for a £1 per month trial period at Shopify.co.uk

Ask podcast 23 all lowercase and take your business to the next level today.

I'm very clear warnings to investors.

The direct investment from foreigners is in sharp decline.

The Wall Street phrase that comes to mind is you can't catch this falling knife.

The number of import and export trade.

Again, it's like a cartoon.

The jagged note all the way down to the floor and then through the chart down through the building keeps falling off.

So it is not just the United States that recognizes something's wrong.

There's no simple way to describe how China has gone so badly off the rails.

Was it always coming this way?

The borrowed money with some day they would not be able to cover it up anymore.

We've seen several debt fueled booms and busts in modern day China.

This is nothing new.

I think what's new here is the magnitude of the debt bubble that they inflated and the fact that they don't have foreign capital pouring in to make up the difference.

You also have some of China's most productive parts of the economy now really under the thumb of the Chinese Communist Party.

Xi Jinping was brought in by the party to reassert control to clamp down on corruption and to make clear that it's the party you were all is.

And that's what he's doing.

...