U.S. Treasury Secretary Bensont said on July 30 that he believes China's economic model is heading towards decline.
Bensont said at an event organized by the Breitbart website: "I think China's model, their economic model, is beginning to collapse. They seem to think that 'the law of gravity' no longer applies to them, especially in the real estate sector. Now they are experiencing a real estate market crisis, and in my view, China's continued practice of flooding the market with cheap goods will soon make the whole world tired of it."
Original: https://www.toutiao.com/article/1839111721643018/
Statement: This article represents the views of the author himself.