A large Chinese shadow bank has filed for bankruptcy due to losses on real estate lending
https://www.bbc.co.uk/news/business-67890633
More interesting are leaked stats showing that the population declined by 3 million people last year as the Chinese fertility rate continues to plummet to one of the lowest in the world. The declining and ageing population, bloated real estate sector and inefficient state owned industries are likely to be a huge drag on Chinese economic performance. The population decline will only accelerate as the number of births continues to decline and the number of deaths climbs with the ageing of the population.
