India bans bitcoin wallets and trading cryptocurrencies. Venezuela is doing the opposite, they want to pay for goods using their cryptocurrency. The US has the largest trade deficit since the financial crisis. Trump pushes trade wars with China, tries to get other countries involved. China says they might use the nuclear option, sell treasury bonds. This is what Trump is pushing for, the dumping of Treasuries to put the central bank in a bind to show they are purchasing them all.
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See also It’s not just Evergrande. China’s entire real estate sector has been debt-fueled for many years. There’s no soft-landing with a bubble this big.