China: economic downturn augurs epoch of instability and struggle
The news that Evergrande has filed for bankruptcy protection in the United States has sounded the final death knell for China’s real estate industries. A series of corporate defaults, a recession in the real estate market, soaring unemployment and a rapid decline in people's consumption have debunked the ruling Communist Party of China (CCP) regime’s fraudulent claims of a “strong economic recovery” in China.