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Politics China's Economy and Politics
- Thread starter Picanha
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Chinese developer misses bond payment as stress spreads beyond Evergrande crisis
There are increasing signs of stress in China's property market after ratings agencies downgraded Fantasia and Sinic over debt concerns.
You wonder how bad they can be when operating is such a low interest environment. I mean seriously mismanaged. When the US tipped over atleast it was at a time when rates actually gave the investor a return...and they had room for the next decade of perpetual lowering the rate.
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This crisis is far larger than is officially being stated. It will be hard to control. The CCP will have to pass this "hot potato" to someone. My guess is Biden and the 5 or 6 or 10 Trillion in spending they are trying to pass on the backs of future generations of American taxpayers.
Soon, the world financial industry will see the CCP economy for the ponzi scheme it is.
www.thegatewaypundit.com
Soon, the world financial industry will see the CCP economy for the ponzi scheme it is.
BREAKING EXCLUSIVE: China's Economic Crisis Has Arrived - This Will Impact the Entire World | The Gateway Pundit | by Joe Hoft
Author Joe Hoft lived in Hong Kong for the past decade and has intimate knowledge of China We’ve reported for years on the China economy and reasons to be concerned. Recently our concerns have arrived.
www.thegatewaypundit.com
As Flag previously reported. You can't pour the same amount of concrete in two years that it took for the US in one hundred years without eventually having to actually pay for it. Biden operates the same way. Increase debt ceiling.
Apparently along with how to make a car we also trained them how to create Fannie Mae Freddy Mac.
I sort of wonder if china wants to export recession along with covid. Last time they had this big spending spree that poured all that concrete.
Not likely to repeat that.
Apparently along with how to make a car we also trained them how to create Fannie Mae Freddy Mac.
I sort of wonder if china wants to export recession along with covid. Last time they had this big spending spree that poured all that concrete.
Not likely to repeat that.
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Pay wall, but you get the point. Literally empty new cities.
www.wsj.com
Empty Buildings in China’s Provincial Cities Testify to Evergrande Debacle
The property giant borrowed heavily to develop in out-of-the-way places like Lu’an. Left behind: buyers of unfinished apartments, Pegasus statues guarding “Fairyland.”
www.wsj.com
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Pay wall, but you get the point. Literally empty new cities.
Empty Buildings in China’s Provincial Cities Testify to Evergrande Debacle
The property giant borrowed heavily to develop in out-of-the-way places like Lu’an. Left behind: buyers of unfinished apartments, Pegasus statues guarding “Fairyland.”
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Makes you wonder if all the warships the CCP has quickly built, have the same quality of construction.
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Never underestimate your adversary.
J20 is a lot more impressive than Su57
Type 52D is a lot more impressive than Gorshkov
Chinese economic capacity & capability is a level of magnitude greater competitor than the Soviet Union ever represented.
The “empty city” claim has many contributing factors, including the need to house the unprecedented shift of people from rural sustenance farming to urban manufacturing and services.
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Absolutely, never underestimate your adversary. But also, never believe they are 10 feet tall and unbeatable.
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This seems fishy to me. How is this possible?
gettr.com
RippleNews🔥🔥🔥 on GETTR : Shares of Chinese Estates Holdings, a former major shareholder of embattled developer #ChinaEvergrande, jumped as much as #31% ...
HONG KONG :Shares of Chinese Estates Holdings, a former major shareholder of embattled developer China Evergrande, jumped as much as 31per cent on Thursday after it announced an offer to take the company private for HKUS$1.91 billion (US$245 million). The Hong Kong developer said Solar Bright...
We had an interest rate increase amidst covid outbreak lockdown to tame real estate prices. China simply cuts credit supply. No wonder Blinkins pleading for them to "fix" it. Have to wonder how much China lovin Jamie Dimon sunk into it
Of course Dimon should be a great patriot. US taxpayers bailed him out.
SO China inc sells a trillion worth of foreign shares and bonds as reserve to shore up domestic side after regulatory tightening crashes domestic side and coincidentally opens up to allow Dimons money to help fund China's junk bonds.... Something Dimon is an expert on. having been bailed out of the 2008 recession he helped create.
Reminds me of the covid scam. The chinese bought all our PPE while exporting us covid.
I kinda see why they might have thought Trump was going to nuke them.....according to Milley
Jamie Dimon defends seeking full control of JPMorgan’s securities business in China, says he’s a ‘patriot way before’ CEO
Of course Dimon should be a great patriot. US taxpayers bailed him out.
SO China inc sells a trillion worth of foreign shares and bonds as reserve to shore up domestic side after regulatory tightening crashes domestic side and coincidentally opens up to allow Dimons money to help fund China's junk bonds.... Something Dimon is an expert on. having been bailed out of the 2008 recession he helped create.
Reminds me of the covid scam. The chinese bought all our PPE while exporting us covid.
I kinda see why they might have thought Trump was going to nuke them.....according to Milley
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You guys see an economic melt down. I see a CCP crackdown on the only group of people that could challenge its power, the wealthy. If it is really detrimental to China, you think the CCP would let it out for the world to see?
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The CCP are the wealthy. Notwithstanding the disappeared Jack Ma.
What will challenge their power are the hundreds of millions who are about to lose everything or the hundreds of millions who never had anything. Of course, talk of reunification with Taiwan might take people's minds off things for a while.
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CCP China is on its way to a reclused command economy. The CCP fears of losing power will never allow an innovative and efficient (Like really efficient not China efficient which is: low salaries, no environment protection, state subsidies, no workers rights etc. etc.) free market economy to prevail.
Up to now the West took over this role ( produce efficiently for a market) for the CCP. Lets see how their model works in their own controlled market.
Maybe Xi's already preparing the next innovations in his Innovation and Planning Institute number 503.
Lets see how they get along with chips and jets (as a Benchmark) without stupid help from naive foreigners.
And without an artificially blown out of proportions constructiom sector to provide short sighted Western investors with the reasoning (permanent good economic numbers on paper) to invest there.
It is so that the Western companies built them a complete value chain in China for free. They don't even understand how that works all in conjunction (Market forces etc.) Because they always took shortcuts and used cross financing and huge subsidies. Just look at the energy sector pure command economy there.
You can't have a free market and an authoritarian regime at once. They are mutually exclusive.
Up to now the West took over this role ( produce efficiently for a market) for the CCP. Lets see how their model works in their own controlled market.
Maybe Xi's already preparing the next innovations in his Innovation and Planning Institute number 503.
Lets see how they get along with chips and jets (as a Benchmark) without stupid help from naive foreigners.
And without an artificially blown out of proportions constructiom sector to provide short sighted Western investors with the reasoning (permanent good economic numbers on paper) to invest there.
It is so that the Western companies built them a complete value chain in China for free. They don't even understand how that works all in conjunction (Market forces etc.) Because they always took shortcuts and used cross financing and huge subsidies. Just look at the energy sector pure command economy there.
You can't have a free market and an authoritarian regime at once. They are mutually exclusive.
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