The banking system in China is beginning to collapse, and there’s growing concern it could have a ripple effect.
The Chinese economy has been shaken by trade wars, a real estate industry slump, and foreign companies leaving as a way to “de-risk.”
Experts say the move has more political significance for the CCP than any actual effect on the West.
According to the administration, China is not a strategic competitor to the United States.
The banking system in China is beginning to collapse, and there’s growing concern it could have a ripple effect.
The Chinese economy has been shaken by trade wars, a real estate industry slump, and foreign companies leaving as a way to “de-risk.”
Experts say the move has more political significance for the CCP than any actual effect on the West.
According to the administration, China is not a strategic competitor to the United States.