China is on the edge of the abyss. But if and when it explodes, it is the whole world supply chain which goes with it. Plus of course chaos in Asia. And this is the best scenario. The bad one is of course war.
The CCP is out of touch with a slow but accelerating return to Maoism. The zero-covid policy is probably the best illustration as Shanghai was disinfecting its airports including the runways recently.
All this while the Chinese super-bubble is exploding. For anyone who has lived through the Japanese bubble burst of the 1990s, the experience was quite traumatic. So, now imagine something 10 times bigger in an unstable country.
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