China Tech Is Crashing, But The Real Problem Is Much Bigger
China tech is breaking
China tech is getting destroyed. Indices are puking, technicals are flashing red, and oversold keeps getting more oversold. But the real problem runs deeper. Property is collapsing, domestic demand is broken, and China is exporting deflation to the rest of the world. Beijing needs more than cheap money to stop the bleeding. Is this capitulation, or just another leg lower?