Dr. Lauren A. Johnston (江诗伦)'s research on the bubble of all bubbles in the #DonkeyHide market, culminated in the #AfricanUnion banning the slaughter of donkeys for their skins.
Pin the Tail on the #Donkey: the bubble of all bubbles via which to read #China's (blindfold) economy is not housing - but #DonkeyHide (yes, ass ass) which over recent years became what may be the most epic & exotic valuation bubble ever? "More money than #Moutai! Over 10 years the price increased by 30 times, "supplement industry's top flow" (now) confronts the delusion of sky-high prices" https://lnkd.in/euSjcnqN "In 2001, the price of #DongeEjiao ejiao was 80 yuan per kilogram. With the continuous promotion of Dong’e Ejiao, by 2019, the price soared to 5,996 yuan per kilogram." "Of course, as the most important raw material - donkey skin, also because of the price of Dong’e #Ejiao, from the previous 25 yuan a sheet, sold to 3,000 yuan a sheet, a full 120 times the price." And culminating in the #AfricanUnion banning the slaughter of donkeys for their skins: https://lnkd.in/eBVuWMcz Paul Littlefair 李 博 Paul Frimpong, ICCE® ( 保罗·弗里姆庞。) Paul Adkins Gbadebo Odularu, Ph.D, FAPH Simphiwe Masilo Daniel Erasmus Philip Myburgh Jeremy Stevens Given Hapunda PhD Gabriel Felbermayr Ghazal Hatem Janneke Merkx #TCM #ChinaEconomy #Bubbles #TCM #DonkeyBan #AfricaChina #ChinaAfrica