Yesterday, in the aftermath of the stunning report that 17 “massive” bomb explosions rocked Chinese city of Liuzhou, killing at least 7 and wounding at least 51, we asked if as a result of China’s economic hard-landing and the surge in layoffs, the widespread popular unrest – which we suggested over the weekend is due for a comeback – has finally landed in China with tragic consequences, especially since the incident is clearly being treated as a criminal act.
We further noted that “if there is one thing China’s politburo simply can not afford right now, is to layer public unrest and civil violence on top of an economy which is already in “hard-landing” move. Forget black – this would be the bloody swan that nobody could “possibly have seen coming.”
Yesterday we got the first confirmation of this civil violence “bloody swan.”
Less than 24 hours later, we got a second one, when earlier today another blast struck a sleepy area in the southern Chinese city of Liucheng, destroying a residential building.
According to the WSJ, it was unclear whether there were any casualties from Thursday’s explosion, but judging by the photos of the devastation which shows dramatic damage to a six-story building in Liucheng, it would be a miracle if nobody was injured.
