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S8 Ep734: 4. The COVID-19 pandemic and severe lockdowns shattered public trust, triggering economic deflation and a burst real estate bubble. Municipalities now face extreme debt distress, leaving them unable to pay workers. Xi Jinping has prioritized surveillance

S8 Ep734: 4. The COVID-19 pandemic and severe lockdowns shattered public trust, triggering economic deflation and a burst real estate bubble. Municipalities now face extreme debt distress, leaving them unable to pay workers. Xi Jinping has prioritized surveillance
Update: 2026-04-12
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4. The COVID-19 pandemic and severe lockdowns shattered public trust, triggering economic deflation and a burst real estate bubble. Municipalities now face extreme debt distress, leaving them unable to pay workers. Xi Jinping has prioritized surveillance and national security over economic restoration, signaling the dream's retreat. (4)
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