Keep this in mind, back in 1927 China had under 500 million people, today they have 1.4 billion.
We have discussed the upcoming economic implosion in the real estate markets related to the Evergrande bankruptcy, tick tock.
Evergrande's debt is due now. https://asiatimes.com/2021/11/evergrandes-bankruptcy-still-just-a-matter-of-time/
3/23/2022 Evergrande Failure Imminent! https://thephaser.com/2022/03/alert-evergrande-failure-imminent-hold-tightly-to-silver-cryptos-for-after-the-crash/
The Chinese people do not trust the Chinese stock market. I read that 70% of the Chinese people invested in the booming real estate market over the years. It is about to go belly up. Real estate markets are going to get wrecked. House prices will fall and the life savings of the Chinese people will go up in smoke.
1927
https://en.wikipedia.org/wiki/Shanghai_massacre
The Chinese people will hang these pricks and they know it.
I agree the CCP is fearful. Their hold on the Chinese people is rather tenuous and has only lasted because they were able to "bribe" the people with an artificially propped up prosperity funded by limited capitalism and foreign investments. Those things are breaking down. When they do, the CCP is in trouble. That said, I'm not sure starving the entire population of your biggest city is a good idea for covering these failures up. Thr Chinese sure know how to abuse each other.1