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Title : Why China's Evergrande Crisis Is Just A Distraction From A Bigger Crisis
link : Why China's Evergrande Crisis Is Just A Distraction From A Bigger Crisis

Why China's Evergrande Crisis Is Just A Distraction From A Bigger Crisis

 

WNU editor: The above video is from an Australian blogger who is seeing the same things that I am seeing in China right now. 

A summary of our observations is below .... 

The Western media is focused on Evergrande, a Chinese developer that is facing bankruptcy. 

But there is an even bigger story. 

Chinese President Xi is implementing major changes to the Chinese economy, and those changes will impact all of us. 

What are those changes? 

It looks like he is focused on reigning in China's tech giants, downsizing certain large corporations, cooling the property boom, some social engineering, and getting rid of banks that are inefficient with high debt loads. 

Here are some links to news reports in the past few months that lays out all of these changes (see below):

 Chinese Property Developer Sinic Halts Trading After Sinking 87% -- Bloomberg 

China’s tech giants have wiped out $823bn, and it’s not over yet -- Al Jazeera  

Macau casinos see $24 billion wipeout as China tightens grip -- Bloomberg  

China tries to spark baby boom by destroying its $140 billion tutoring sector -- ABC News Australia  

The $52 Trillion Bubble: China Grapples With Epic Property Boom -- WSJ  

China debt concerns mounting as Beijing shifts attention to hidden local government financing -- SCMP  

Evergrande Is Only the Latest in a Chain of Chinese Debt Crises -- WSJ

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