According to the office for national statistics in China, for jan/feb of 2023 http://www.ce.cn/xwzx/gnsz/gdxw/202303/27/t20230327_38464161..., car manufacturing profits is down 41%. non-metal products manufacturing profits is down 39%. chemicals manufacturing profits is down 56%. electronics manufacturing profits is down 71%!! In fact, all businesses have dropped 22% in profit. Not to mention the 1M+ SMB that failed in the last 2 years.

1 in 5 Young Chinese Is Jobless, and Millions More Are About to Graduate https://www.nytimes.com/2023/05/19/business/china-youth-unem...

China’s shipping containers pile up at overcrowded port as overseas orders dwindle https://www.scmp.com/economy/china-economy/article/3210870/c...

China to raise retirement age to deal with aging population https://www.reuters.com/world/china/china-raise-retirement-a...

Guizhou Province may become the first provincial government to go bankrupt in China. https://twitter.com/tankman2002/status/1646905359184044032?l...