A record buying spree.
Fabled transition to a service economy? Forget it.
Everything suddenly goes the wrong way.
Or Decades of Japan-Style Stagnation?
The relentless dumb bid.
Relentless deterioration meets stunning overcapacity.
It’ll devastate China’s economy and reverberate around the world.
Rail freight volume plunges to 2007 levels.
The End of the Chinese Miracle.
Everyone but China.