Anyway. This property crash is just white noise. The real threat to China is its rapidly declining population. The population peaked in 2014 and is now is raped decline and the situation was amplified by the covid lockdowns. Current predictions are that in just 20 years the working population will shrink by 250 million, or about a third of the currently 750 billion workforce. Add to that the rapidly aging population and China is screwed. It is a mathmatical certainty.