China, which entrapped third world economies in its debt trap is now facing a financial disaster. Earlier, China faced a huge crackdown, wherein the private sectors suffered tremendously under the CCP Dictatorship. Plus, the household debt for commoners increased at a record level of 131%.
Now, the recent Evergrande fiasco has drawn China into the redline – the one to exceed the maximum debt limit. Even though the CCP government tried to bury the fraud, this crisis has exposed Chinese hypocrisy once again!
Also Read: Geopolitics Tweet: China Loses Its Hold