China Property Crisis Erodes Banks Balance Sheets as Investors Await Earnings https://t.co/LRSqi2FYud China is in a severe recession, courtesy of the mismanagement and magical thinking of the CCP.

The Economist@TheEconomist

2 years ago

Decades ago China created four centrally controlled asset-management companies to hoover up bad debts. Three of them have now become distressed financial institutions in their own right https://t.co/8wM2dkHzO7

Chinese property market crash continues its slow, majestic progress. https://t.co/KWbmJpHUsS