Peak China.
‘The nation is teetering on the brink of deflation, its vast property market is shrinking and business confidence is waning. All that’s happening as the population shrinks and geopolitical tensions with top trade partners sizzle.”
“China’s home market has continued to contract, with the total amount of money lent out to buy homes shrinking from a year earlier for the first time on record.
The outstanding amount of individual mortgages fell to 38.6 trillion yuan ($5.4 trillion) at the end of June, down 260 billion yuan from the same period a year earlier, according to data from the People’s Bank of China released Friday. That’s the first year-on-year drop in the data going back to 2011.”
From existing stockpiles… Interesting…
Maybe anti-ship missiles?
“US to Give Taiwan $345 Million in Arms Aid Amid China Tensions“
“The US will supply Taiwan with $345 million in defense equipment, services and training, using the fast-track authority that it has relied on to speed arms to Ukraine.
The White House didn’t offer specific details about what it will send to Taiwan. The weapons and support equipment will come from existing stockpiles under what’s known as a Presidential Drawdown Authority.
That lets the US sidestep the often-lengthy process of contracting and producing weapons, which lawmakers say has resulted in a $19 billion backlog in armaments that have been approved but not yet delivered to Taiwan.”