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Jiang’s description of speculative Chinese billionaire and real-estate structures that regulators tried to discipline.
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financial Ponzi schemes
Jiang’s description of speculative Chinese billionaire and real-estate structures that regulators tried to discipline.
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"...real estate scams. These entrepreneurs, these billionaires, were basically creating financial Ponzi schemes. And so there was a commitment among Chinese regulators to crack..."
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"...that this would basically bankrupt America because America is a financial Ponzi scheme. It's $39 trillion in debt. And if people stop buying US..."
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