China’s economy is “on the brink of bankruptcy.” Every province is a Greece

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.

In an article on Prof Lang’s leaked speech, The Epoch Times quoted the professor as saying, “What I’m about to say is all true. But under this system, we are not allowed to speak the truth.”

“Don’t think that we are living in a peaceful time now. Actually, the media cannot report anything at all. Those of us who do TV shows are so miserable and frustrated, because we cannot do any programs,” Lang said. For him, five factors explain China’s crisis.

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