The Deeper Dive: Chinese Ghost-Town Economics Tears Down the BRICS Façade

The dollar dominators are not all some are making them out to be.

To get a sense of how rapidly China’s economic dreams are crumbling, I wanted to track just one week of Chinese news in a “Deeper Dive.” The significance of China’s economic collapse hits in two vital areas — one bad for the US and one good.

The bad is that China’s slide into recession, as the second-largest economy in the world, is a pull toward recess…