@barray on Fri Nov 12 06:58:53 UTC 2021 said: &e
@barray on Thu Nov 11 03:24:53 UTC 2021 said: &e
The #chinese #property #market giant #evergrande is burning the remainder of its #liquid #assets just to pay off the #interest on their #debt https://www.zerohedge.com/markets/evergr.. I suspect that #china 's #ccp have them a tap on the shoulder to buy more #time whilst they try to address this mess. There is no way out of it. *Watch this space.*
The #chinese #property #market giant #evergrande is *far* from out of the woods, on the hook for another $148 #million #dollars https://www.reuters.com/business/investo.. #china 's #ccp has so far only been just about able to pay off the #interest on the #debt so far... It really is not clear how they will deal with this. #contagion can very much be just on the horizon.