![]() And when that debt bubble bursts, the whole world will suffer. ![]() Discovering brand-new factories that have been shut down, finding empty and relatively new abandoned cities, and looking under the cover of a shadow banking system, McMahon has methodically pieced together the alarming truth that China's perceived economic growth is a myth built on a staggering mountain of debt. ![]() While the world sees China as a booming economic power, here is a most unsettling inside look at what's really happening as the Chinese economy begins to run out of steam.Īfter reporting on China for more than a decade and hearing constantly from a wide range of its citizens, Dinny McMahon has come to a startling conclusion: the narrative of China as an ascendant superpower is fraught with misconceptions. ![]()
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