I found out about my Tinnitus the most embarrassing way - my wife and we were admiring the relative quietness of the place we were living in, until I freaking
blurted out - "but for vibrations of the universe"......
Ever since, it becomes worse, when I read a posting on HN about the subject and it slowly fades away into the background of tolerability. I now view the vibrations as Universe's gift to me :)
"The financial institutes like banks, shadow banks, investment funds, etc have lost huge amount of money"
My understanding of the core problem is - Money has to come from somewhere. It is the result of China becoming world's workshop. Chinese have 45%+ saving rate and those powered up the FIs' balance sheets. This money funded all the buying of land rights, development of housing etc. How Chinese govt. deals with these toxic balance sheets before Chinese people decide to make a run for the banks, that will determine how this crisis unfolds. Ultimately there never is free lunch, unless you are the US which can print it's way out of any problem it creates for itself - what times!
(be aware - the comment is by some anonymous guy on the Internets. Its most value maybe as a 'mildly entertaining conjecture'.
The main "breakthrough" the article seems to be pivoted on is: sacrificing efficiency of electrolyzer brings the capex down by and order of magnitude, thus making $1/Kg hydrogen possible. The whole downstream (to H2) value chain is a different economic argument, relevant to how they want the future to be.
But we got to find a way to break this escalatory cycle?