Looks like #china 's #property giant #evergrande has had their #hongkong #hq #seized https://www.zerohedge.com/economics/lend.. This does not bode well for #chinese #property when titans like this are falling. The #ccp has their work cut out for them.
Interesting, #bond #holders of #chinese #property #market #giant #evergrande are looking at a #lawsuite after $2 #billion #dollars of a $20 billion #usd #foreign #debt was " #stolen ": https://www.zerohedge.com/markets/desper..
Interesting, $2 #billion #dollars in #deposits has gone #missing on behalf of #evergrande https://www.zerohedge.com/markets/evergr.. Apparently it has been #seized by #foreign #lenders , but apparently it may have actually been taken by a #chinese #bank . In any case, it's highly #illegal and could have massive #ramifications if it was #china 's #ccp .
So #evergrande have now #defaulted https://edition.cnn.com/2021/12/09/inves.. And another one named #kasia also #defaulted https://www.bloomberg.com/news/articles/.. The #hackernews #comments are *very* interesting on this one: https://news.ycombinator.com/item?id=294.. Massive #consequences as a result!
The #chinese #property #market #giant #evergrande finally #collapsed and it was relatively #silent https://www.zerohedge.com/markets/evergr.. I really suspect this is not all she wrote though and we'll see more in the near future regarding #china 's property market...
#china 's #ccp 's playing hard and fast with their #economy is about to unfold: https://www.zerohedge.com/markets/china-.. #evergrande is #predicted to #collapse within a week! It's going to be a *very* rocky #christmas for the #chinese #stockmarket ...
@barray on Thu Nov 11 03:24:53 UTC 2021 said: &eThe #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.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 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.*
Interesting, #china 's #evergrande made some kind of effort to #repay their #foreign #debt - specifically #us based #investors https://www.zerohedge.com/markets/evergr..
Looks like #china 's #ccp will be #forcing #evergrande 's #billionaire #founder to help #bailout his own #company https://www.zerohedge.com/markets/beijin.. Apparently this is more about the #chinese #government sending a message to other people, and a #message that they will not be #bailing out other #property #market #companies ...
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.
Heh, #china 's #ccp finally comments on #evergrande and say that "everything is fine": https://www.zerohedge.com/economics/chin.. Yeah, right.
The story of #evergrande and the #chinese #stock #market is not quite over just yet, it appears that there is still a *very* real possibility of #contagion https://www.zerohedge.com/markets/defaul.. This time it's #property #developer #fantasia - this time with #liabilities of close to $13 #billion on the books.
Great #youtube #video by #advchina on the #evergrande situation and the crappy #chinese #housing #market https://www.youtube.com/watch?v=lKbLB_T-.. The #ccp will collapse at some point, this is simply #unsustainable !
Ouch, #evergrande is continuing to crash and burn on the #chinese #stock #market https://www.zerohedge.com/markets/evergr.. I highly suspect we will see the #shanghai #stock #exchange #ssec crash again today as #investors lose faith in the Chinese #economy ...
I wasn't expecting #crypto to #rebound after #china #banned the #mining and #trading of it! https://www.lotuseaters.com/cryptocurren.. I actually really suspected that #tether and the like had bought into #evergrande and the like, especially how the only other #market coming close to their #growth rate is the #chinese #bubble !