During the last few days, analysts on
cable tv news channels have increasingly
been reporting that China's economy is
in serious trouble. The real estate
market is in crisis, having never really
recovered from the Evergrande crisis two
years ago. The stock market has been
tumbling, because the economy has not
recovered as had been hoped after the
Chinese Communists ended the harsh,
destructive "Zero Covid" policy in
December.
The economic difficulties were
highlighted this morning by a report
that the economy has become strongly
deflationary/disinflationary, with
producer prices FALLING 5.4%.
- China's producer prices fall most in 7 years (Reuters)
https://www.reuters.com/graphics/CHINA- ... /chart.png
The Chinese Communist Party decades ago
made a deal decades ago with the Chinese
people that if they would do as they're
told, then the economy would always be
good.
The CCP's greatest fear is a new massive
anti-government rebellion, such as the
White Lotus rebellion (1794-1805), the
Taiping Rebellion (1852-1864), and Mao's
Communist Rebellion (1934-1949). China
is overdue for a new rebellion.
A new rebellion would cause the CCP to
attempt an external military action,
such as invading Taiwan, or even a
missile attack on America.
*** China sends warships and jets near Taiwan as top US official visits Beijing
https://news.sky.com/story/china-sends- ... g-12917246