The Global Times, the Chinese Communist Party’s (CCP) official propaganda outlet, recently quoted a senior Communist military official threatening Australia with the possibility of a nuclear attack.
The Daily Mail reports that it came in response to Australia’s decision to join the UK and US as part of a three-way alliance, that includes receiving the technology to build nuclear-powered submarines.
Though nuclear-powered, the submarines would not have the ability to launch nuclear missiles.
Australia is part of a growing list of countries, that the communist regime has threatened with a nuclear attack in recent weeks. Earlier this year, the CCP also threatened Japan with a similar strike.
Major economic problems in China?
Some suspect that the communist regime may be making these veiled threats in an effort to get people’s attention off a major economic crisis building in China.
According to reports, a massive real estate conglomerate, Evergrande, could be on the verge of bankruptcy. With outstanding debts amounting to over US$305 billion, such a default would seriously impact the Chinese and perhaps even the world economy.
Several other Chinese-based companies are also reporting financial trouble, including the heavily indebted, Tsinghua Unigroup, that is seeking financial help with its $30 billion debt. Tsinghua is associated with a Chinese university and is a major player in China’s high-tech industry.
READ: EXCLUSIVE: The Beginning of China’s Economic Collapse? Largest Issuer of China’s Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted AND China semiconductors: Tsinghua Unigroup seeks white knight for massive bailout AND Chinese chip maker Tsinghua Unigroup faces bankruptcy restructuring after creditor takes it to court