China's economy has encountered significant challenges in recent months, becoming a focal point of discussions within the global financial community. Several noteworthy developments in China that warrants attention: Real Estate Reckoning China's real estate market has tumbled, echoing levels last witnessed in 2009, indicating severe market turbulence. Compounding this, there are concerns that local banks could be exposed to this real estate turmoil, exemplified by a recent mini bank run at the Bank of Cangzhou driven by Evergrande