Sep.23 — Jenny Zeng, co-head of Asia Pacific fastened earnings at AllianceBernstein, discusses the debt woes of China Evergrande Group and the prospects for nation’s actual property market. Monetary regulators in Beijing issued a broad set of directions to Evergrande, encouraging the embattled developer to take all measures potential to keep away from a near-term default on greenback bonds whereas specializing in finishing unfinished properties and repaying particular person buyers. Zeng speaks on “Bloomberg Dawn: Asia.”
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Can also be darkest before pitch black as Peter Lynch would say
Translation: time to offload. Buy this crap from us.
This Communist Jenny Zeng never heard of Humpty Dumpty.
ALL the Kings horses and ALL the Kings men can't keep the Ponzi going again…
Dawn? China Property market (or China economy) is the biggest bubble in history. It is bursting now. It just started. Sorry, there is no dawn, it will get darker in next two decades. CCP, with the help from Wall Street will try to hide it or slow it, but it is inevitable.
So we had Evergreen ( problem for world supply) and now Evergrande. Hopefully somewhere there we will find the Evergreat?
What should be in every wise individuals mind or list is investing in different streams of income in other not to be depending on the government to generate funds
More Too Come
l sold bitcoin,Doge and bought AVAX and SOLANA ; fast growing technology like APPLE and GOGGLE .
I smell a line of crap.
China going to collapse
Darkest before dawn. If dawn is a black hole.
Flooding market with bargain properties will hit other developers.
The CCP always does the opposite of their claims. The CCP is contemptuous of the UN and International Law, the CCP is 'writing its own Law that seriously threatens States in the East and South China Seas. UN, International Law must strongly punish the CCP.🇺🇸🇪🇺🇯🇵🇬🇧🇦🇺🇨🇦🇮🇳
chinese analysts always pumping up the chinese ponzi scheme, nothing new here.
Rothschild is going to do something soon, because your waking up! Market crash, war, food supply chain disruptions, Bond market and derivatives go, your dead💀.
Nobody is paying attention to Deutsche Bank! It’s tide into this mess also! This black swan has much control potential. Starve you into SUBMISSION!
Ponzi scheme, and this is most likely the tiny tip of a very vast iceberg. Evergrande needs investment money NOW to pay those who invested EARLIER. They are forcing their employees to invest NOW or not receive their bonus monies LATER. This is classic. Madoff like. I'm betting this type of scam runs through-out China. The best way out is for the government to let the markets clear. This would cause a huge amount of pain but the pain MUST come somehow and must come someday. The sooner, the less pain. Another way is to drag things out with money inflows by the government over time and piecemeal it, dribble it out over a few years. Yet another way is to print money by the trainloads and settle out the numbers but destroy the value of the money supply. Not everyone in China "invested" in real estate. There are a few that did not trust it all and many of them own gold.
THE POOR IN CHINA ARE THE LOSERS. THE WEALTHY ARE THE WINNERS. WHEN EVERGRANDE FAILS THE WEALTHY CHINESE ARE GOING TO BUY PROPERTY AT A FIRE SALE.
😭😭😭😭We China are going to collapse again
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.”
That interviewee sounded like the voice of the CCP. I understand there are somethings she can't say about the Chinese govt, but she really sounded like the propaganda arm of the CCP.
THE Question is………Are the inventories and other assets REALLY worth, what the balance sheet "says"???……….Or ist that price calculated like…….. Worth + Hope + Believe + Need
When China's economy doing bad as americans wishing for you must be a happier unless you already know China's intended that 1.3 billion+ plus Chinese people were somehow cooperate with their party.
1.3 billion+ Chinese people was not a joke!
What a weird news. How can they show a $1.3bn cash on a balance sheet, when the company cannot pay $70m.
the government won’t get the ppl settled and satisfied, the government will put the homebuyers and unpaid workers in jail if they voice themselves…4:05
Before corona…now evergrande
China fucked world
Here come the repo men! They will tear every vending machine, oven, shelf, aluminum decal, computer, spare building until they have taken the FMV of the debt's value, and then auction it off and if they can't find a buyer at auction, then they will sell it as scrap to some 3rd world country! They will knock the whole spare buildings down and sell the concrete as filler and the steel to developing countries!
There is no dawn, but feel free to snort this copium laced garbage. Even the wumao will be missing their paychecks soon.
Watch NTD china in focus and you will find out what is happening in china for those who are trying to get their money back. Suicides, threats, jailed. death. This evergrande company will collapse and I feel bad for the chinese people who will lose everything thing that they put into this company.
It’ll be fine, the government will just bail evergrande out while accusing the west for doing the same
This evergrande is a fraud. If they have cash, pay your bills. Maybe that balance is a fraud. ?
CCP should open up the coffers, and help the companies