What you just saw was a video of 15 high-rise buildings being demolished simultaneously. This event took place in the summer of 2021 in the Chinese city of Kunming. All of these new, non-hazardous buildings that cost millions of dollars to build got demolished. Why? In short: China is in big trouble. The demand for Chinese goods around the world has suddenly gone down, the yuan is at its lowest level in years, while China’s largest cities are drowning in debt. All of this is happening against the backdrop of increased tension between the US and China and the concentration of enormous power in the hands of one person - President Xi Jinping. The myth that China will soon overtake the United States is falling apart before our eyes. So what is it that went wrong for this country? Why is China actually much weaker than it seems?
#pandora_us