Chinese economy in free fall?

 The Hill:

...

At one time, Goldman, like the rest of Wall Street, was in love with Chinese stocks. Now, it’s not. The famed financial powerhouse at this moment is facing reality. Mossavar-Rahmani is correct because China’s companies are still a horrible bet and will remain so for a long time.

Yes, Chinese equities have already lost $7 trillion in value since the peak in 2021, but the worst news from China has hardly been discounted. The country’s economy is crumbling fast, and Xi Jinping, the mighty leader, is determined to take China in the wrong direction.
...

China has yet to recover from the COVID-19 lockdowns.  China is a country controlled by control freaks.  It is the opposite of a free market economy. 

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