Understanding China

They might be taken out to learn how to plant rice…lol

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No surprise as my contact that worked there said the Gov can see the issues coming and he said that 4-5 years ago hence he told me Alibaba and Jack etc. will disappear to help create the missing middle class industries and hence create employment.
Creating labour intensive industries works if the gov owns or funds them and if its for internal commerce. You can only sell overseas if your currency tanks.

maybe they all worked in the chip industry?
Hard to believe but Chinese chip maker broke.

More trouble but just the beginning of a huge problem in China.
Xi got no option but to take control of property as everyone’s money is tied up in assets they paid 3-4x too much for.
https://www.msn.com/en-us/money/other/indebted-chinese-developer-evergrande-denies-bankruptcy-claims/ar-AAOodDT