www.zerohedge.com by TYLER DURDEN
Despite the best efforts by South African doctors to temper the panic sparked by the emergence of the Omicron strain, it appears that western politicians and their media and “science” lackeys won’t let go so fast, and one of the potential casualties is China, which will either be forced to engage in more lockdowns, depressing the economy, or find itself engaged in far less trade with a world that is about to undergo another wave of restrictions.
All this, of course, is happening as the recent deep freeze of China’s property market – the largest asses in the world according to Goldman Sachs…
… and sparked by the repeated near-death experiences of Evergrande – has unleashed a bone-crushing shockwave across China’s economy, which takes place as Beijing continues to maintain its deleveraging stance amid Xi’s “shared prosperity” drive, which has meant far less nearly created credit is available to mask the current weakness in the economy….
