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.
They also haven’t met phase 1 and are nowhere near meeting phase 2. Covid was invented just as it became known China failed to meet phase 1. President Trump was about to implement phase 2 tariffs but held off because of covid. Phase 1 is a knee on China’s neck, they are feeling the restricted airflow by now. Phase 2 tariffs would be to apply pressure until there is crunching.
China is seriously desperate right now. And it’s questionable as to whether Biden can undo the EOs that are behind china’s pain because of very recent precedents set during president Trump’s term.