China’s economy is plunging into an unprecedented and dire phase, sounding deafening alarms that the Chinese government hopes to muffle, but they are growing too loud to ignore. This looming collapse is an ominous warning to America and the entire world as we are witnessing this unsettling unraveling in real-time. So, what do we need to know about this? China isn’t exactly transparent, most recently halting economic data releases to keep the world in the dark, which is just not a good sign. What they are hiding is that their state-controlled economy is unravelling due to debt, misguided investments, and eroding credibility. The question is, how bad could it get and what impact could it have on you? And most importantly, what can you do to prepare? Let’s talk about it.

3 REASONS CHINA COULD SHOCK THE WORLD

1) UNINFORMED POPULATION

China Population
The course and direction of a country are often determined by its citizens, and China’s citizenry is becoming increasingly upset and agitated, or are they? Some things we know, and some things we don’t. We know the suppression of information and censorship might keep them from blaming their problems on the Chinese government, and the government is keeping information from them. The Chinese Communist Party had a botched COVID response–Draconian lockdown of apartment complexes and factories; workers forced to work instead of going home, then suddenly all measures were lifted as if they never occurred.

China has ceased reporting economic data that could reveal its true economic health. For instance, they stopped publishing youth unemployment figures, citing a need to review their methodology. The most recent available data showed a record-high youth unemployment rate of 21.3% in June for those aged 16 to 24. It’s possible that it’s even higher now, possibly exceeding 25%, but we lack current information. In addition, China has limited access for foreign users to corporate registries and academic journals. They have also clamped down on due diligence firms, which are vital sources of information for overseas businesses interested in China. It’s evident that the Chinese government is actively suppressing information and engaged in extensive damage control.

The Chinese people don’t really understand how teetering their economy truly is because the government doesn’t want that to be known. Even today, if the ruling Chinese Communist Party doesn’t like data or it reflects negatively on them, they simply don’t report it. The world has to wonder what’s really going on in the people’s minds, what they actually know and don’t know, and whether their frustration level will ever be more potent than the government’s ability to hold them down.

Read the rest of the article BELOW: