There were many factors I suspected that would drag China down eventually and I certainly also did not think that things will spiral out of control so fast. Not even under trump. But China seems to be on an irreversible path to economic obliteration. China burns its last productive generation. One child is 40 years old now which means that those 40+ that get burned in the current economic climate won’t be replaced by the plentiful hordes as in the past. China had it coming but now they step on the accelerator.
Industrial demand for natural gas in the factory-heavy province of Jiangsu slumped 43% in April from a year earlier, in another sign of how virus lockdowns are wreaking havoc on China’s economy.