Valentin Schmid

For the first time in decades the Chinese economy is slowing down. Whether it is official data, bank research data, or commodity prices, all point to a slowdown.

During the subprime mortgage crisis and a massive overstock of unused homes, former Fed Chairman Alan Greenspan had a good idea: He said the low cost solution to clear the excess inventory would be to bulldoze over all the unused properties.

For the first time in decades the Chinese economy is slowing down. Whether it is official data, bank research data, or commodity prices, all point to a slowdown.

During the subprime mortgage crisis and a massive overstock of unused homes, former Fed Chairman Alan Greenspan had a good idea: He said the low cost solution to clear the excess inventory would be to bulldoze over all the unused properties.