A developing economic crisis is not just in Red China and Hong Kong. Unprecedented money printing, developing inflation and reluctance to raise taxes to pay for everything will cause financial turmoil in lots of 'first world' countries. Third world ones, which are not able to print their own money, are already running out: today Sri Lanka reported that it had.
Financial Times headline:
Evergrande shares suspended after report it was told to destroy buildings. Chinese media outlet says authorities demanded indebted property company demolish residential complex.