China’s financial system is unraveling after a series of economic catastrophes. The housing market, which fueled the Chinese Communist Party’s (CCP’s) economy for decades is now one of its biggest liabilities. Its real estate industry is collapsing due to gigantic debt across the sectors. Unemployment, especially among young people, is off the charts in a bad way. City governments are in the red. Major companies took on unsustainable debt. Owing $-billions in obligations and with now valueless assets, they are floundering. The world is watching CCP’s economic meltdown. It is stunning.
One media outlet reported that CCP’s Central Bank cut interest rates to shore-up its economy as trade tariffs negotiations begin. XI’s pretty good at playing “chicken” and coy-smack talk; but, so is President Trump. XI’s advantage, though, is that CCP’s Central Bank follow’s XI’s requests regarding increasing/decreasing interest rates. That’s where Trump is at a disadvantage. The head of the USA’s Central Bank (aka The Fed) is Jerome Powell, a staunch Democrat, who doesn’t play well with Trump.
