China will cease to function as a viable economic power in less than ten years due to its severe demographic collapse.

“And there is not an economic model that humans have yet to dream up that will work with where they will be demographically in less than 10 years' time. So, we are living in the equivalent of like 2006 subprime, where everyone's like, "Oh, ooh and ah." And it's all about to go tits up.”

The Chinese economy is a complex, decentralized system that is not controlled by a small group of people.

“The biggest misunderstanding is somehow that a group of people or even just one person runs the entire Chinese economy. It is far from the reality.”

China faces severe, hidden economic risks from its real estate bubble and banking system, and it is likely heading toward a prolonged period of stagnation similar to Japan's experience.

“It feels to me that we're more close to going to a Japanese model will take 10 to 15 years”