China is in trouble if it hits a recession. The land ownership bubble is huge. And the overbuilding is ridiculous. Also, the quality control does not exist. But the pollution does. Pollution of every form in China is greater than humanity has ever endured.
Family members just returned from a 3-week stay in China. They were aghast at the oppressive air pollution everywhere.
Fires fueled by burning dung within a tent with only a hole in the roof for ventilation may have come close.
“The land ownership bubble is huge.”
In Communist China, all urban land is owned by government as per the Chinese constitution.
It gets leased out on long-term leases.
“Pollution of every form in China is greater than humanity has ever endured.”
The UK killer fogs of the early 1950’s were bad.
They were so dense that a woman about to gave birth drove to the hospital with her car door open and looked down on the dividing line of the road so she could steer her car.