As expected, #china 's #ccp have #paid the #interest for #evergrande to avoid a #default for now: https://www.zerohedge.com/markets/chinas.. It really looks like it is now a #race to see who suffers #economic #collapse first, the #us or #china - whoever goes last gets to blame the first.
Ouch, so it appears that #china 's #property #market is set to #collapse - which given it represents 1/3 of the entirety of #china 's #gdp (probably more given how #assets are tied into one another), it could see a #economic #crash of #biblical proportions: https://www.zerohedge.com/markets/catast.. Keep an eye on the #shanghai #stock #exchange with me over the next few weeks...
Huh, looks as if big movers like #soros are now #liquidating their #assets https://www.zerohedge.com/markets/soros-.. Seems like an #economic #crash is #imminent ...
@barray on Mon Sep 20 19:00:21 UTC 2021 said: &e#china 's #economic #crash may have started: https://www.zerohedge.com/markets/asias-.. #evergrande , #sinicholdings , #pingan and others are all crasing - it looks like that despite holding zero stocks in Evergrande they are all exposed...Apparently 222% of #china 's #gdp #debt is from the #private non- #finacial sector... https://www.economist.com/leaders/2021/0.. No wonder #xijinping #ryan is taking over #companies - they are absolutely fucked. Looks like the #huarong #bank are also in the shit for a similar amount, making up 4% of the total #debt and #economy ... I suspect companies like #alibaba will be made to buy out these failing businesses...
Interesting, #china could be on the brink of #economic #collapse due to the #ccp and a series of dying industries: https://www.abc.net.au/news/2021-09-06/c.. Specifically, the #propertybubble will be something to keep an eye on.