Part 4/9:
China's current situation mirrors the global financial crisis of 2008, but this time, the country is armed with a mountain of debt generated by over-stimulation of the economy in previous years. The culmination of these crises presents an unsettling atmosphere for Xi Jinping, who not long ago appeared poised to expand China's influence on the global stage, but now finds himself struggling for basic stability.
The recent resurgence of protests stems from ongoing economic difficulties such as the mortgage crisis, marked by unfinished construction projects and the insolvency of major property developers. This crisis has galvanized citizens into action, as seen in protests across various provinces where homeowners demand accountability from the government.