https://pjmedia.com/richardfernandez/2011/06/28/can-governments-stop-an-economic-slowdown/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 07:16:08 -0400<![CDATA[How strong is China&#8217;s economy? CNN Money says Jim Chanos believes it is about to go into meltdown.  Chanos has warned in the past that China was pumping billions into a property bubble that would ultimately burst, but now he may now be proven right. &#8220;China&#8217;s top auditor said that loose lending standards and a sharp rise in local government borrowing (for building projects, of course) may have created a mountain of debt that cannot be repaid &#8230; All it will take is a fall in housing, or some sort of economic slowdown, to reveal an untold number of bad loans.&#8221;]]>Tue, 28 Jun 2011 12:06:20 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2011/06/28/can-governments-stop-an-economic-slowdown-n190708