China's Trillion Dollar Real Estate Collapse

In a momentous turn of events the Hong Kong High Court ordered the colossal financial behemoth and China's renowned real estate developer Evergrande Group to liquidate. This occurred on January 29th. Evergrande Group is carrying a staggering debt of 2.44 trillion Chinese yuan.
This event signifies an enormous failure of the China real estate industry. It also points out that the Chinese system is corrupt. This failure could not have happened as it did unless the Chinese system is fundamentally flawed. The system is fundamentally flawed because it relies on political favors by the Chinese elites. These same elites maintain offshore accounts.
This vlog covers all of the following area:
China’s real estate is crashing.
China real estate crisis
China’s Trillion Dollar Real Estate Collapse
Chinese Communist Party elites
CCP elites
Collapse of China’s entire real estate industry.
The Chinese system is corrupt.
The Chinese system is fundamentally flawed.
The Chinese economic system is fundamentally flawed.
Chinese elites have offshore accounts
the Chinese economic system operates on a network of corruption
The Evergrande coverup.