China's banks have been failing for months now. There are reports of people not being able to access their own savings and companies don't seem to have the money to pay their employees. I think that a lot of their wailing about "Covid" right now is just a cover for the bank system collapsing. Distraction.

I wonder just how much of the West's money is/was tied into China and its "booming economy"? How deeply were the Western banks involved? I guess we're going to find out.