Annnnd those other countries in BRICS feel China can be trusted ????? Better thing twice about leaving USA......
WOW, what a read! Thanks for posting. Looks like the whole Chinese economy is Tufu Dredge.
People in China have their money in real estate and real estate loans. This was caused by Xi’s constant investment in infrastructure and urbanization despite the fact that China has not had profitable investments in this area for a long time. Real estate prices have gone up to unreasonable levels. When the real estate market crashes, Chinese purchasing power will fall and so will domestic consumption. We will see further subsidized exports from China that will destroy many companies outside China if not stopped with punitive tariffs on Chinese goods.
China is facing major economic problems and they are solely caused by XI and his communist party.
Chinese Shadow Bank Run by The Government Announces Insolvency, Government Announces Investigation.