There have been several reports that Communist China’s economy is on the verge of collapsing. It started when real estate prices started plummeting earlier this year, and has since spread to banking as developers defaulted on their loans. Many banks are either outright refusing to allow their customers to withdraw money, or limiting how much money they can take out. The Daily Wire reports: Chinese developers have lost at least $90 billion in the last year, according to reporting from Bloomberg, as home prices have gone down for the last 11 months. Dozens of developers have defaulted on their debts, and many of them have stopped work on unfinished housing, which has sparked mass outrage and even protests as more than 80% of Chinese homebuyers take out mortgages and begin paying them down before their prospective home is completed. This arrangement, which was once a source of easily accessible capital in a red-hot housing market, has left countless Chinese consumers holding the bag on half-finished homes that may never be fully constructed. Thousands of homebuyers are refusing to pay mortgages …