Here’s a small sample of reasons. Take your pick: 1. Evergrande declaring bankruptcy in New York. 2. Evergrande shares opening for trading in Hong Kong after

Here’s a small sample of reasons. Take your pick: 1. Evergrande declaring bankruptcy in New York. 2. Evergrande shares opening for trading in Hong Kong after a year and a half and plummeting by nearly 90%. 3. Country Garden posting massive losses and indicating worries about meeting their debt obligations. 4. The post Zero COVID boom not happening. Instead of seeing expected massive growth, China is seeing Western levels of growth. Heck, Japan, the poster child of a stagnant economy, has been growing more than China during the post Zero COVID expected boom. 5. Xi Jinping telling college graduates to go back to their villages and work on their parents’s farms. 6. China entering deflation. Edit: 7. I completely missed this one. It’s in the article. After record high youth unemployment China has now suspended reporting those numbers. Yeah, stopping reporting numbers thst are not going in a positive direction is a clear sign of a functional positive economy.