“THE DAMAGE COULD BE HUGE:” Chinese Banks Tumble, Swept Up In Mortgage Nonpayment Scandal As Borrowers Revolt.

Related flashback to November of 2019: How to Conduct Business with Chinese Companies That See a Dark Future.

UPDATE: Business Exit from China Accelerating. “The exit from China makes sense for many businesses and will probably have positive geopolitical consequences as the U.S. becomes less dependent on production in a communist regime. But the fundamental transportation problems the U.S. faces will remain the same, and some might even get worse.”

(Updated and bumped.)