They have been forced to scale back on the regulations intended to deflate their city bubbles. China's economy is fucked, and we're going to see its implosion soon
I wouldn't count on an implosion, someone has to facilitate the bust. If no one is present to call collect, they can delay and do easing indefinitely. It won't be as efficient at obscuring costs to the consumer as quantitative easing, but China can afford unhappy Chinamen even if they can't afford unhappy investors and trade partners, so they will just foist off the costs at home. The only threat would be an audit catching out
China's policy in COVID has been fantastic for keeping their industries open with little concern for pesky things like "muh freedoms," and the US is both too distracted and domestic to stage an audit right now, so Chinese productivity is literally all that matters. I have no doubt that constant shutdowns are hurting the Chinese domestic market, but they can, and do, cook stocks with party money as much as they please already, so as long as the bluff stays, they're fine. It is ultimately better this way globally if you care about cheap goods. If you don't, it'd still be better to wait until China commits to something publicly embarrassing or enraging for propaganda purposes, to redirect consumers' frustrations as the markets adjust.
The threat of exactly this is likely a major contributor to China's current neutrality in the ongoing war despite initial vague support.
Trump, despite all the domestic controversy, was a very foreign policy-focused president. Biden is now on the back of four? five? major international controversies in his presidency
so-far, and he rant on a domestic agenda. I would be amazed if he'd take on the role of popping the China bubble, ON TOP OF oil skyrocketing, getting out of a war in a costly way, getting involved with a costly war, preexisting supply chain issues, etc.
Any one of these would normally be a presidency ender alone, regardless if he's to blame for any of these problems directly. There's decent arguments to be made for his contributing to all of those, so I would anticipate Republicans driving the nail in, and that's a legitimate threat any momentum he wanted to build off his first term. The fact that Biden's team started running ads in the middle of his presidency after making fun of Trump for it, and he used the State of the Union to shill, is surely "coincidental."
The CCP decided their citizens needed to imitate the retarded panda bears for whatever reason, now they can't pull them out of it. It wouldn't surprise me at all to learn that they were at South Korean levels of tfr.
I'm wondering what are the odds on population implosion vs. those of state-sponsored rape camps.
Demographic* Implosion is inevitable, no country on the planet has solved this problem. China is extra handicapped because, like for the Japanese, mass immigration is dirty and would be considered capitulation. Importing whites to fix the birthrate would be seen as another humiliation, the kind of Asians who would want to go to China are the ones who China doesn't want, and blacks are currently heavily repressed and transient, large permanent populations of blacks or Indians/Pakis in China would cause uproar.
I know it's a joke, but state-sponsored rape camps don't solve every step after the boning, which is expensive and debilitating for 1-2 people per family minimum or a few dozen million young people collectively, depending on how you organize the social safety net.
The economic war in Moscow is also demonstrating in real time what such horrific PR allows your enemy to do with minimal repercussions in real time. It's still going to take a while to shake out how resilient the West's economic warfare engine is long-term, but there's a lot of countries that would absolutely take advantage of multinationals' outrage to nip at China's hamstrings.
Edit:
God it must suck to be a Russian soldier in Ukraine. Having to fight people who aren't that different from you, using shitty equipment, getting paid in worthless money. Traditionally when an army doesn't get paid in real money, the solution is to plunder. But grunts aren't being allowed to plunder that much for various reasons, ranging from bad optics to higher-ups wanting it for themselves. Even if they could run wild, it's not like they're going to find a chest of booty lying around. Maybe some low-shelf Rolexes and smartphones, if they're lucky. Nothing you can retire off of.
Keep in mind that most of the Ukrainians they're "liberating" are cousins, former friends, former co-workers, etc., and that despite shitty Pravda memes about muh Russian language oppression and how everyone wanted to secede, most of the people the Russian Guard is having to shoot at speak the same language. It's much harder to slaughter someone who can express their humanity at you directly instead of a monkey yelling desert gibberish, or worse: French, which sometimes drives even civilians to murder.