China is now chasing decades of unpaid tax on money its wealthiest citizens moved offshore, in some cases reaching back as far as 25 years. A reaction via ia e-mail:I’m reluctant to call a potential crisis in China because obviously the government has so many levers it can pull. Sometimes I think the only people who think China is doing well economically are Americans and assorted western 5- yuan commentators. One blogger – Dragonometry – (https://dragonometry.substack.com) has set out what I think is a plausible scenario where China falls into a crisis. There is a very strong belief within the CCP that personal sacrifice and physical toughness will allow China to pull through any crisis.