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2022-09-03 China-Japan-Koreas
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With Trouble Brewing in China, It May Be Time to Consider Some Next-Level Prepping
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[PJ] Reports are coming out of China that indicate it may be on the brink of becoming more unstable. This week, The Wall Street Journal reported that Country Garden, one of China’s largest real-estate developers, saw a 96% decline in profit for the first half of the year. The property market in the Communist country has entered a severe depression, as other real estate firms also meltdown in real-time.
Protests have started over frozen bank accounts and mortgage payments for unfinished homes. In China, people get a loan and begin paying the mortgage before their home is built. Sometimes construction can take years. China is also facing a once-in-a-century drought that shut down manufacturing in the Sichuan province, which is home to over 110,000 manufacturing plants.
As the economy stalls and dissatisfaction rises, the nation is heading into its twice-a-decade leadership congress in October. After lifting the rules on presidential term limits, China watchers anticipate President Xi Jinping intends to take an unprecedented third term. To accomplish this, the CCP must quell unrest. Some observers believe repeated COVID-19 lockdowns had more to do with suppressing communication and dissent ahead of the election than the virus.
Many China watchers believe Xi will become more unpredictable as he tries to unite his country behind him ahead of the election. The saber-rattling around Speaker Nancy Pelosi’s visit is just one example. The CCP is also significantly more clear-eyed about how it views the United States. With China’s increasing ties to Russia, attendance at the Taliban’s one-year anniversary celebration of the U.S. exit from Afghanistan, and active plans to challenge the dollar as the world’s reserve currency, it is clear we are no longer even frenemies. 
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Posted by Besoeker 2022-09-03 03:19||
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File under: Commies
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Posted by Besoeker 2022-09-03 03:22||
2022-09-03 03:22||
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Posted by NN2N1 2022-09-03 07:29||
2022-09-03 07:29||
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