Is The Chinese Economy Experiencing A Near-Complete Collapse?

The Chinese economy is experiencing a near-complete collapse.

Nearly half a million customers have lost their deposits as the banks lent indiscriminately to housing developers who are now facing cascading defaults.

Here’s the story the Chinese Govt. doesn't want you to know 👇
— Graham Stephan (@GrahamStephan) August 17, 2022

WNU Editor: I have been following Graham Stephan's Youtube channel for years. He is young, but his analysis on business and economic trends have been usually spot on. And while I am one of those who does not believe that the Chinese economy is going to collapse, his analysis on the Chinese economy in the above thread (link here) is a must read.

Update: Beijing is clearly worried .... China Plans $230 Billion Fiscal Stimulus Package As Slowdown Worsens (Zero Hedge).