Hong Kong Finance Professor Explains Why China’s Economy Is ‘On the Brink of Bankruptcy’

AsiaNews: China’s economy is on the “brink of bankruptcy” and “every province is a Greece.” Even though, this is factual, “under this system, we are not allowed to speak the truth.” These remarks are not from a dissident or a foreign analyst but from Larry Lang, professor of finance at the Chinese University of Hong Kong and a well-known figure on mainland television. Lang who was speaking in Shenyang City, in northern China’s Liaoning Province demanded strick restrictions on audio and video recordings of his lecture and farbade the audience from reproducing it. However, a leaked audio recording of the speech was made and is now available on Youtube. Full report is here.