China’s economy deteriorated fast in 2 weeks

In the aftermath of the typhoon and flooding, China’s financial sector has been hard hit, particularly the insurance industry, which has been in trouble for years. “When bad folks are in trouble, they do bad things.” Joe Biden said this last week when describing the consequences of China’s economic problems. He called China a ticking time bomb. What’s the status of this ticking time bomb? In less than 2 weeks, China’s financial troubles are coming to the surface one after another daily.

⏰Timestamp:
1:21 What has happened in the past 2 weeks?
24:21 China’s insurance industry is in trouble
38:03 Q&A

Chinese Reference: https://www.youtube.com/watch?v=loWoEaybia8

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