What a nightmare.
China’s economy was praised as the model for the Western world. Then, a few years back, it began to turn sour. President Trump’s first administration did a number on China, which is why they wanted him gone. This alone may be why China was involved in the COVID outbreak in 2019-20 (as reported in the book, The Steal – Volume I: Setting the Stage).
In 2023, the world began to see China’s economy falter. We reported on a report at the Business Insider.
It’s been clear for years that the Chinese real-estate market has been in trouble. China has a population of 1.4 billion, but it has built housing for a population of 3 billion, according to expert estimates. Many of the mega-developments became empty monuments to Beijing’s insatiable desire for growth. In Shenyang, farmers have taken over a development of empty mansions for cattle grazing.
At that time, real estate giant Evergrand began reporting problems, and it finally dissolved a few years ago.