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A view of a complex of unfinished apartment buildings in Xinzheng city in Zhengzhou, China's central Henan Province, on June 20, 2023. Pedro Pardo/AFP via Getty Images
China observers such as Gordon Chang and yours truly have been aware of the unsustainability of the “China Miracle” for a couple of decades or more. However now, there are more red flags than ever about the Chinese Communist Party’s (CCP) ability to prevent the economy from a very hard landing.
