Chinese exports are softening, real estate is sinking, the stock market is tanking, the Central Bank is easing policy, and 45 cities with 373 million persons, representing 40% of GDP, are living under full or partial lockdown, up from 23 cities and 193 million people a week ago. Consumer spending is declining and the regime has announced the first Covid deaths in eons. Xi’s 5.5% GDP growth target is laughable.