Evergrande, China’s greatest actual property firm is on the verge of chapter. However just like the US authorities which got here for the assist of firms throughout the 2008 crash, Xi Jinping might not do something. Over the previous yr, China has focused tech giants because the disparity between the wealthy and the poor grows. China additionally believes if Evergrande fails it would burst the actual property bubble within the nation.
Presenter: Zakka Jacob
#Evergrande #China #BusinessNews
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true picture and clear explanation..great job
Nobody making comments on Xi Jing Ping otherwise… He think, he's it.
If the real estate bubble totally bursts in China — and it is the flimsiest, most fragile house of cards; absolutely a joke — then Chinese citizens most definitely will flip the eff out. Out come the pitchforks, and the Party will have a very serious problem on its hands.
The government will bail out the Evergrande Ponzi scheme — they'll just do it very quietly (while breaking it up and taking parts of it over) and say that they didn't.
China does not only shut jack mouth, they strip him off his company wealth and stop his other company Ant from going public and sanctioned them for malpractise. I guess most reporters dont do much research or give full infos.
Who is Jack ma? It should be who was Jack ma
Local governments have no incentive to lower housing prices. Land sales to real estate developers is an important source of income to local governments. Unless local governments can diversify their source of income, I think we might not see any meaningful price reduction in house and apartment prices.
I prefer your channel than TGIF, because your accent is understandable and you don’t do a dramatic presentation where I feel someone is yelling. Also, you don’t speak so fast that words run together. Thank You!
I am not clear how China can export inflation by slowing down, I.e. manipulate the supply of goods. If the China holds back products to create an increase in price of goods, do you really believe American consumers will just continue to buy expensive goods; when consumers will buy want they want from other countries? Others countries will step up to that opportunity to fulfill what consumers want at the price they want. In fact, other countries can anticipate China’s price move and take China’s market share. So, Xi is miscalculating the market and shoot himself in the foot.
Also, another miscalculation is waiting to shoot him on the other foot. Does he believe China can survive without being an export economy and become as you say a consumsive economy? China has a problem he needs to consider, many Chinese people don’t have jobs nor do they have good paying jobs to splurge when they barely have enough to survive on. Xi is no genius, only a bully with grandeur ideas. Maybe he’s listening to people that just want to massage his ego. Well the Chinese people deserve the government they support. I will continue to watch the CCP create the collapse of China. Except for greedy investors, China is no longer credible and is welcomed less and less as a country to be part of the world’s trade. China is viewed as a threat to world peace, no matter what it claims to be as a force for good.
Its nice to see a country where the government is for the people and not run by big corporations for themselves. Its about time to overhaul and level out the playing fields for the people of China. The rich in China is starting to monopolize the markets leaving scraps for the small people.
The US government didn’t save Lehman brothers. They let it collapse. If you get that basic fact wrong then I’m sorry it’s hard to listen to anything else you say.
history is written by the winners
Contrast with Singapore which promotes great disparity of incomes in Singapore.
He said the truth right there
K-pop makes Chinese men too effeminate
Not cool for Asian men
Excellent explanation to what is going on in China.
Btw, what will happen to the cities who rely on high land sales to provide finance their budget?
The shadow banks will crumble.
Duel circulation theory will not work because most Chinese are frugal. Their parents have long memory's of harsh times.
That background music gave me a headache.
It doesnt bode well for the video if 2 of the opening facts presented are wrong. Evergrande is the 2nd biggest real estate developer in China and more importantly Lehman brothers was not bailed out by the American government. They went bankrupt in 2008 because the US government wanted to make an example out of Lehman. Otherwise this seems like reasonable reporting but it is hard to take it seriously with such major misrepresentation of facts within the first minute.
Chinese won't do what USA did because Chinese government doesn't work for the rich and the corporation.
Great video however I think China is preparing for a BURST of NEW energy and SOLUTIONS to its problems just in time for the coming WINTER OLYMPICS in Feb 2022. Look for all of Chinas Successful entities to COME to the RESCUE of the Country.
Because there is only one star in China, superstar Xi, him Nuh like competition.
Geez command by old man
another garbage fake news who gives a shit
The 3 red lines policy will usher in a worldwide financial collapse . This will open the door to a digital world currency. Net zero is yet another instrument of the Great reset.
Corporate community is not allowed to rule China,but in India corporates rule and control the country.
Is he crazy
0.5 is not the ideal state of wealth equality
Actually, 0.5 represents a huge wealth gap.
Anyone having a basic understanding about economics should know that
First time to see this channel and I love it clear unbiased factual and subcribe.
First I hesitated since it sounds Indian,I'm not a racist because I've watched a few Indian channels they're all craps loke WION/GRAVITY,TGIF etc.
Thats what happen when you try built business on dictator country..
Xi….getting old…..getting slower….
Siaapa china ham milik di dia panyagak bersama rakyatelakukan jenayah meyipan diit milik rakyat
Dia lah waga Alibaba peyagak
Kerajaan melaysi terpegaroh dgan warga cina Alibaba ini
Excellent explanation that show how smart Xi Jin Ping is and how PRC carefully govern the state.
“As it were”
Complete nonsense
China is doing his own way of success.
Eliminate the wealthy class ?
Bro, this is just a pinch of salt….What is wrong with failures, just learn and get going…
This is bullshit, China will never be able to achieve a Consumer Economic model. China will be old before it is wealthy.
Best presentation & balance reporting.China has a history of peasant REBELLION eg CCP is peasant rebellion turned REVOLUTION ..That why recent CCP policy of Grow Rich Together is not Robin Hood ,but to prevent POOR KILL RICH . by redistribution of wealth . 恒大 asset is more than liability , & all projects are more than 90% completed ,cannot go bankrupt , CCP wants people to gain real experience from 恒大selfhelp ie CCP do not want people to carry walking sticks (depend on govt) 🌈🌈
"Ren Pa Chu Ming, Zhu Pa Zhuang" Translation: "People should fear fame the way the pig should fear getting fat." That's 20 years living and working in China talking folks. No one gets bigger than the Dynasty…er, sorry. Communist Party. Otherwise, its "harvest" time.
I'd be paranoid about social unrest with the size of the population. They could always shoot them I suppose. Hope Jack Ma finds freedom and prosperity where ever he settles. What an asset to any country.
This bloke talked so loud, but has Evergrande failed?
I wouldn’t call evergrande a super star. It’s major chairman took massive wages for himself why’ll putting his company into massive debt, god knows how he got away with this . Must have had some very dodgy asset price valuations
Isnt evergrande the second one?