China is facing a "Lehman Moment" that could spark a financial crisis, according to the Wall Street Journal.

The Chinese economy is flatlining, youth unemployment is skyrocketing, and $5 trillion in homebuilder debt is at-risk.

Now the government is ordering banks to prop up… pic.twitter.com/C2R7FR8ZOP

— Peter St Onge, Ph.D. (@profstonge) August 21, 2023