Has China's Overdue Deep Recession Finally Arrived?

China is about due for a major recession after years of uninterrupted growth (which I have predicted). A new Wall Street Journal article's headline suggests that it may finally be appearing. But, it will take more and better data to know.

China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says 

Country Garden, which for years ranked as China’s top real-estate developer, reports 96% drop in first-half profit

From the Wall Street Journal (to which I don't have access to the body text). 

There was also a definite COVID related contraction in the Chinese economy in 2020.