China is currently experiencing an escalating situation that goes beyond the struggles of bankrupt developers. Signs indicate a significant and legitimate purge taking place at the highest levels of the Communist Party.
It is getting crazy in China right now, and not just bankrupt developers.
There appears to be a legit purge atop the Communist Party.
And it isn't because everything is fine and China's economy "has turned a corner." pic.twitter.com/PqxItx7hau
— Jeffrey P. Snider (@JeffSnider_AIP) November 3, 2023