...occurs during the sudden collapse of symbiosis between corals and the polyps that reside in them. This may be caused by many factors and scientists appear to be unable to consistently predict which causal factor determines the final outcome.
There are many factors contributing to the collapse of symbiosis between the U.S. and China, a significant one being the importation by China of U.S. fiat currency policy without associated oversight and built-in safeguards and failsafe mechanisms not implemented but evolved from experience with the shortcomings and dangers of the policy.
A major liquidity crisis is underway and the paper dragon is not equipped to counter its effects...and will find few friends given its myriad other objectionable political positions.
I note also China has announced it "intends" to cut its military personnel by 300k. This announcement was made at a military parade.