“The Chinese Communist Party's real estate sector is in the process of collapsing right now … The real estate sector, the property sector of the Chinese economy is about 60 percent of the economy, it's where much of the wealth of the Chinese people is invested. And that wealth is going to disappear overnight.”

To understand the root causes of China’s economic crisis and what its impact will be, I sit down with China expert Steven Mosher, president of the Population Research Institute.

Besides its economic woes, China is also facing a demographic disaster. Even though the One-Child Policy has ended and the Chinese regime is desperately trying to encourage pregnancies, “there’s no way out of that demographic trap that the Chinese Communist Party has set for the Chinese people,” Mr. Mosher says.

“Regardless of what mix of economic incentives the government puts in place, regardless of how much they lower the interest rates or try to subsidize exports or engage in any of the other things that they would like to do, they can't make up for 400 million missing people.”