Shah&Co.(@Shahtv6920):⛩️Shocking: A $20T economy can't even take care of its athletes. One has to wonder how much of that is real and how much is just made up? There's a word for it - Tofu economy. Their real estate based economy have been in severe decline since covid when Evergrande Group went bankupt n failed to pay over $300B in debt. Since then many real estate companies have suffered as the prices went down. Banks are under pressure too. First they spread the virus, now they will spread a world wide recession. #ChinaWatch

2026.06.17 12:37

⛩️Shocking: A $20T economy can't even take care of its athletes. One has to wonder how much of that is real and how much is just made up? There's a word for it - Tofu economy. Their real estate based economy have been in severe decline since covid when Evergrande Group went bankupt n failed to pay over $300B in debt. Since then many real estate companies have suffered as the prices went down. Banks are under pressure too. First they spread the virus, now they will spread a world wide recession. #ChinaWatch#