If you follow the economic news China has some severe structure problems that it’s going to have to solve.

Huge debt overhang, much of it “hidden” that is dragging down growth

The real estate problem still isn’t solved and a big reset of prices is going to have a big impact on the economy

China placed a big bet on “key industries” under the theory “supply first then we find demand” which isn’t panning out well with tariffs

This is showing up in the stock market which rent saw a 50% decrease

And economic growth has been a weak 5% when they need 9-11% if they hope to avoid the middle income trap

All while the population is rapidly aging and shrinking at the same time