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China is in dire straits.
The government can no longer afford to pay its military, police, or civil servants.
Mr. Hua, a retired businessman from the Chinese military, highlighted the financial strain, stating, “No funds are going to civil servants’ salaries and retirement pensions; it’s either delayed or not being credited on time.” [Pardafas]
This tends to lead to catastrophe for the people within a country.
What happens next is sometimes a coup d'état.
I remember a couple of decades ago when political pundits thought China would be the next big thing. China was supposed to pass up the US economy so definitively that its GDP would be many multiples of the United States.
That never happened.
Instead, they are sputtering out faster than the Soviet Union.
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