Unveiling China's Hidden Economic Chaos: A Red Flag for the US and the World

China's economy is facing significant challenges, with data disappearing and becoming increasingly unreliable, making it difficult for outsiders to understand what's really happening within the country. President Xi Jinping's focus on ideology over economic growth has halted major reforms and hindered the transition to a private, demand-driven economy. As a result, China's economic struggles, including high youth unemployment, declining exports, and a slowing real estate sector, are being hidden from the world. The lack of transparency is causing concern among multinational corporations and foreign investors, who are selling Chinese stocks and bonds. Xi's unwillingness to provide stimulus checks to households reflects his government's reluctance to relinquish control and prioritize average people's influence on the economy. This shift towards a power- and security-focused government is evident in the crackdown on private businesses and the tightening of regulations. By keeping everyone in the dark, Beijing is showing its commitment to maintaining a closed society and dominant control, but it also increases the risk of financial instability and adds volatility to the system.