China Evergrande slipped towards a sort of limbo on Friday as time ticked away on an curiosity cost deadline which world markets are looking forward to indicators of default, leaving traders on tenterhooks over the embattled property giants destiny.
#WorldBusinessWatch #BusinessNews #Evergrande
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Question is can they even orchestrate a controlled collapse. When you build the economy on paper foundations its bound to buckle at some point regardless of who fails first. Evergrande is eclipsing the other prominent headlines about tens of thousands of other businesses already having gone bankrupt in China.
Looks like it will be controlled collapse but no bailout whatsoever so shares will be worthless sooner or later. Sell and run!
CHINA IS BROKE…LOL
The second biggest shareholder sold off it's shares so I'm concerned for more vulnerable investors.
Don't worry, China communist will print More money
Wuhan Lab : B๐คys let's get back to
๐ฆ ๐งช๐๐ORK
Here it comes. โ of chynese economy to collapse
These ๐ฎ๐ณ donโt have food to eat and look at their videos
Ever ending Grande Debt..
Its coming, The Chinese Stockmarket crash as predicted by Gordon Chang.
China is a Nation built on 600% Debt, An Economy Ready to Burst.
Good entertainment
This is the ultimate limit of rapid infrastructure investment hard driven by the centralized government only to increase GDP very fast. India should never follow the Chinese model. Developing economy as fast as possible driven by the central government always fails. Just look at the failure of USSR model and now the Chinese model. Fast development works only for a short time and then comes massive default on it. India should develop a Hindu model.
There will be a nasty ripple effect..
Banking establishment is next to get hit..
China has no more money to save anyone.
China needs donations. ๐๐๐
Massive operations of social stability are in place by PLA who dressed as a ordinary citizen of China.
It means that CHINA EVERGRANDE is going to die without questions.
Investors from local China & from overseas will not get their money back
Just like in the early weeks of Covid, Indians are laughing at China
You canโt believe ANYTHING that comes out of China – this oppressive, communist regime is horrid. Investors need to avoid their toxicity.
All those small investors need to sell and get out as much of their money that they can. Otherwise they are screwed.
China's economy bubble is soon going to burst
Evergrande haven't dumped their crypto yet either. People are ignoring this
English please!
We need to decouple from china and treat them the same as North korea after the hostage diplomacy
Get your money out of China while you can.
Ah! the smile on US faces! Amusing. Watch how China fixes the problem.And the ripple effect on US economy, except on the Defence budget and your arms dealers.