..plus an ailing #RealEstate market still reeling from the #EvergrandeGroup debacle two years ago. Condos & apartments people own are worth much less than their original purchase price now.

"At Utah fundraiser, #US president says #China’s #employment and workforce issues pose a risk, because ‘when bad folks have problems, they do bad things' "

China a ‘ticking time bomb’ because of economic woes, #JoeBiden warns | #USChinaTensions | The Guardian
https://www.theguardian.com/us-news/2023/aug/11/joe-biden-china-economy-time-bomb