I believe China has 3X the government debt to GDP ratio that we have. They also have a massive real estate bubble. Xi’s crack down on billionaires almost certainly will stifle capital expansion. This could be the perfect storm for China.
There are massive financial problems on both sides of the Pacific involving unimaginable amounts of money. Isn’t the usual course of action in these cases a nice attention-diverting war?
Most don’t know these but the CHICOMS printed money at a much, much higer rate than the FED in 2008 to 2010.
Maybe the Central Committee of the CCP will decide Xi needs to go stand beside a ditch. Or at least get the Kruschev treatment and be “retired” under house arrest.