China's economic plans are failing. Its central bank is devaluing it currency and lowering bank reserve requirements. Its stock market is in a long slide. Its chief justice told its lower courts to prepare for a tsunami of bankruptcies. Multinationals are fleeing to other low cost countries. Japan's economy has moved back into second place ahead of China.
China cannot innovate - it can only copy from other's IP. They cannot stimulate enough domestic consumption to replace lost international trade. Their international influence will wane as their economy tanks. Their socialistic contract with it people is failing.
They're in BIG trouble.
https://andmagazine.com/us/1539027103.html