China Update. It's really bad and getting worse.

Foreign companies are leaving by the 1000s from mainly first-tier cities. China companies are shutting down by the 1000s, unemployment is skyrocketing. People cannot pay their mortgage or buy food so this problem will have a domino effect throughout the whole economy. Homeless numbers are way up as well. Even the military is falling apart.

The largest part of China’s economy was based on exports and now companies are not buying from China anymore. Chinese companies who have survived are moving their factories to Vietnam or India.

China’s Missiles Filled With Water, Not Fuel; Numerous Launch Pads Fail to Open, Soldiers Want Out.

Corruption rampant at all levels of CCP society. More and more Chinese workers are not getting paid but if they leave the company, they need a certificate, and if they don't get that, they cannot get a new job. Employers are not giving them this certificate, so now they have no money to pay the rent, buy food, pay for gas, etc and the CCP cannot fix this. About 98% of employers are corrupt like this and the CCP cannot stop this either.

Sinkholes in Shanghai keep swallowing cars and CCP is powerless to stop it. One reason is lack of construction standards followed by corrupt construction companies.

China's Largest Industrial City Collapses! Major Factories in Suzhou and Dongguan Shut Down. This causes a domino effect as people cannot pay their mortgages, buy food, etc and will continue with the collapse of China.

Chinese banks run out of money, demand salaries back from employees. (This is not quite true. Bonuses that were given to executives were demanded to be repaid.)

There is a library of articles like these at https://wordsalad.info/tag-chinaproblems.html You can see how this problem unfolded over the past few years.