@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...