Only socialist system and collectivization of agriculture can remove the noose of troubles from around the farmers’ neck. The capitalist system is rotten, stinking. It is crying for a decent burial. It tolerated small capital for this long because the crisis was not terminating as now. It used to visit periodically and used to end with limited destruction. Now this system is neck deep in trouble, the crisis no longer goes away, it gets deeper and deeper. It has taken recourse to naked fascism as a desperate last resort to evade the inevitable.
What China faces is ‘overproduction’ where the production gets ahead of what the market can realise in the longer term. The excessive leverage becomes credit crunch, financial crisis & recession and not just the fictitious capital gets devalued/destroyed, so does real productive capital & so do jobs.