Elon Musk: "China’s ENTIRE Economy Is About To Collapse" | Elon Musk claims China is on the threshold of a massive disaster due to the country's excessive development of apartments and skyscrapers, which has led to the creation of too many housing units.

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China's economy could be on the verge of collapse thanks to a major problem in their housing market. In China tens of thousands of people are boycotting their mortgage payments, developers are defaulting on debt, and the banking system is now under huge financial stress.

Just a few months ago 5 major Chinese banks had to freeze customer withdrawals which led to major protests across the country. But how has this financial crisis formed, and exactly how bad could it get?

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Popularly referred to as the Real-life Tony Stark, Elon Musk is the founder and CEO of SpaceX, an American aerospace manufacturer and space transportation services. He is also the co-founder, CEO, and product architect at Tesla Motors, the founder of The Boring Company and Co-founder of Neuralink and initial chairman of OpenAI.

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