The China Paper Dragon Is Dying – But Still Dangerous

Some weeks ago I wrote in these pages that China Is A Dying Paper Dragon that cannot survive much longer because of its imploding economy and its rapidly aging population. This week newspapers and the internet finally exploded with headlines like: “China Enters the Doom Loop,” “Default of State-Backed Developer Sino-Ocean Signals China’s Economic Crisis,” and “Why is China not rushing to fix its ailing economy?”

The sudden frenzy is exemplified by The Epoch Times publishing China’s July statistics, showing that their economy is collapsing years ahead of my optimistic estimate. Epoch Times journalist Terri Wu wrote: “The world’s second-largest economy has been struggling for months, failing to achieve the post-pandemic boom that many had anticipated. The latest July data release showed exports posting its sharpest year-on-year drop since before the pandemic, and imports at five straight months of decline. Factory-gate prices fell for the 10th consecutive month, while new home sales saw its most significant monthly drop since July 2022,” adding, “China has slid into deflation after months of disappointing exports, manufacturing, home sales, and youth employment results.”

By Centrewing on 2023 08 26

Funny this article, we hear and read so much that proves out in the end as hopeful but untrue or even worse than we hoped for. Why then in another article we read that over one million were locked down and trying to escape but were either shot or committed suicide or starved to death, claiming this "covid" problems there? Then there is the new computer based "currency" backed by gold there we read about? The loans China is giving to other nations with lower interest costs away from the IMF? Then there is this newer trade group called BRICS with many countries now wanting to join in with this? Since here in the west our G7's debts are astounding our production is way down still more closures, and bankruptcies, even the G20 are in trouble we also read. Many of our homes bought up and then rented at unaffordable amounts and fewer working and getting paid enough to live there etc. all this homelessness of our countries own people while Canada's government hired 89,000 new employees mostly immigrants our population has gone up over 3 million they claim for a now 40+ million people supposed to be trying to live here in the cold north without the infrastructure to support it etc. I read daily even in my favorite gardening season.
They kept saying Russia was failing but it appears now it is growing rapidly in strength lots of jobs, no one living on the streets lots of oil and gas energy plus (as we should have but it was stopped?). Russia's gold backed currency now that all the big globalist international money people left thinking to break Russia but their own Russian people are taking over and running their own country, as we all should be doing if we had real governments still not these greedy sick globalists and programmed idiots, burning our countries down while saying we are being replaced? our history and heritage being taken are businesses and jobs leaving. No we have the problem with CCP police stations and election interference big conglomerates stealing our money, real jobs and our homes. China appears to be doing the same but making money off of this right here in our countries. IMO but of course with all the false information and lies going on who really even knows any more except these sick globalists creating this all.
It is fight time or lose everything even our very lives here in our countries because so many lives will be lost in their wanted world war and they will cause it but they do not fight it, those are the ones we need rid of.

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