Panini

Mostly likely yes (insofar as a single bank can matter). When banks collapse it sets off a cascade of debt defaults which rapidly contracts the real money supply in an economy, since most actual wealth (and, in turn, the physical creation and transfer of goods, services, and labor that facilitates) is created via fractional reserve lending. This causes a recession. If it was only this bank, it probably wouldn’t be that huge of a deal for China more broadly. But it’s not only this bank, and it is a huge number of provincial pet banks all tied to the same development and speculation industry. There’s a reason economists have been sounding alarm bells. That’s not to say China doesn’t have the resources to deal with this and/or the fallout, but it is at least a problem to be dealt with.

Recent history has led me to be highly pessimistic about this being translated into positive life improvements for regular people ranger than simply further enriching and empowering billionaire lords and police and military megaaparati, but the people at BD seem to be genuinely interested in ensuring their inventions are firstly used for good, so that’s nice.

On par, roughly. More prevelent sexual torture/rape, less prevelent mass demolition of homes/property, similar in many other ways, and similar severity of atrocity all things considered early on.

are these sovereign nations in danger?

This unironically makes me optimistic about this situation. The man seems to have the memory of a goldfish so this could, like, actually be a factor.