I think there is another boom that is fading, a potentially more serious one that is China's housing market. It is flooded with supply. Capital flight to the West, with property developers defaulting on debt, li kai shing (richest HK dude) dumping all his assets in China a while ago. The fading or faltering of the tech sector could be related but who knows, this is a government that likes to keep a blanket over everything.
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