A type 094 Jin-class nuclear submarine Long March 15 of the Chinese Navy participates in a naval parade in the sea near Qingdao, in eastern China’s Shandong Province on April 23, 2019. (Mark Schiefelnein/AFP via Getty Images)
Zero Hedge/Epoch Times: Which War Is Beijing Preparing For?
It’s no secret that Beijing is preparing for war.
One of the main reasons is China’s cratering economy. The recent collapse of the Evergrande real estate development firm is only the latest in a series of dire symptoms that are fueling rising domestic discontent. The $8 trillion debt crisis in the shadow economy—more than half of its GDP—is also looming large in China’s ability to keep its financial system afloat. An aging, less productive population, higher production costs, and fleeing foreign investment all result in falling GDP.
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WNU Editor: China's focus is on India right now .... China, India lash out after no progress in Himalayan border talks (AFP). But Taiwan is the prize.
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