Best Chinese spy balloon meme. Plus China real estate crisis update.

This spy balloon meme was already the best, and might be even better after balloon was shot down.

Nothing to see here, now let’s all get back to adding our data to TikTok.

Spy balloon memes and jokes aside, below is a link to the latest on what this story means for U.S. relations with China from here. And so The Basis Point doesn’t stray too far from our core topics, I’m also including a link to the latest on China’s real estate crisis.

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Reference:

– Biden brought down a chines spy balloon, but he hasn’t tanked bilateral ties (Politico)

– IMF says China’s real estate crisis isn’t over yet. Here’s the latest. (CNBC)