The western economic collapse will happen. It begins with an earthquake that devastates the primary financial hub of the world, the US. This begins the chain of events.
A certain country (China) will rapidly overcome its effects, and become even more powerful, the US will not recover.

The harlot (mystery Babylon) is in fact the US.
The beast of revelation comes out of China. Since Mao it’s had various leaders, in all it will amount to 8. The 8th will be the worst one, the world will fear this one, and for good reason.

Overcoming the fatal wound is either; its recovery as an ancient empire, recovery from the economic disturbance, or a leader within their ranks that was deposed and is returned.

A western or world entity gives its power to them during this time (10 crowns) and will reign with them.
Not sure who the second beast is, because this rises after the first one.

China’s intent is to rule the world, they feel they are superior to all others. (white horse), with this they will be successful.

Once ruling, their cruelty will know no bounds, they will murder Christians and believers, because these will recognize the signs of the apocalypse, and resist as China tries to like other empires of before, to consolidate their power over the people. Other peoples will be deceived into thinking such a powerful entity ruling over them is a good thing, because the effects of the economic collapse will be so devastating, they will believe China will solve it for them. They think China will manage the world economy like the US did.

This is the time of peace, I think they will also take over the management of Jerusalem at this time, or have some hand at managing the events there, at which time the two witnesses will turn up. Its leaders will mock God, during this time, and his believers, and most of the world will with it.

China will invade the American mainland, and with utter devastation. So many will be killed. In fact, much of the world will be suffering because there will be no ‘economic recovery’, with many left to starve, without a transit and organization apparatus to ship food around the world. (black horseman) America is now recognized as the breadbasket of the world, with this not operating during the collapse, it leaves many starving and dying.

All these atrocities culminate with the world seeing it for what it is, the world will turn on it, bringing about a terrible world war. (red horseman). China’s invasion of the American mainland is so terrible, that the dead will fill the streets and houses, diseases will rampage through populations (pale horseman), every evil and terrible deed will be enacted during this invasion that the residents will feel as though they are in hell. (death and hades horseman).

All of this happens because mankind does not believe in God. This leaves him to live by ‘cause and effect.’ He has made his reality greater than himself, and now reality rules over him completely and as a result he loses his freedom. He does not realize that morality is a means to his freedom. God is everything about freedom, turning away from God is actually turning away from your freedom! The result is death! Those that realize this, and repent, will survive by miracles, the others will die… there will be no fence sitters during this time!