More debt intrest is due in 24 hours. Unlikely to be paid again...EVERGRANDE HAS OFFICIALLY MISSED ITS INTREST PAYMENTS FOR THE 300 BILLION DOLLAR DEBT IT HOLDS TO BANKS.
While I don’t refute some of your points where I disagree in your post in general is that the Chines are just as involved in the system as some of those in the west. The CCP props their markets and Yuan just as much as western economies.The U.S. stock market has been essentially rigged since 2008, which is why it's been swinging wildly each time. That's also why no matter what happens the net worth of top billionaires worldwide continue to rise even during pandemics.
Just a needed correction bound to happen eventually.The Dow Jones and other markets all starting to decline again. Told you the gains made yesterday would vanish after the feds are done meeting and Chinas economy keeps free falling.
You can only inflate the markets so much with words and printing cash injecting it into the banking system like CCP is doing. But the markets will correct themselves one way or another.