Steel was recently targeted for a reduction in capacity. Photo: Reuters
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

My prediction: the coming collapse of China’s Ponzi scheme economy

So much production in industries like steel is based on demand for more production, but should that demand falter, the whole system could come crashing down

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Steel was recently targeted for a reduction in capacity. Photo: Reuters
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.