Dear Friends,

Please find attached an op-ed that I wrote with Stuart Mackintosh  about the dangers of the collapse in China, of its property and real estate sector which accounts for 25% of its economy.  Unless handled by the government in a more expeditious fashion that we have seen to date, this problem will continue to weigh on Chinese economic growth for years to come.

 

Please let me know your thoughts.

 

Regards,

 

Bill Rhodes

Bill