China property giant Evergrande files for US bankruptcy protection - BBC News
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- Опубліковано 30 вер 2024
- Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
Evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets.
The group's real estate unit has more than 1,300 projects in more than 280 Chinese cities, according to its website.
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#China #US #BBCNews
Chapter 15 law needs changing. Evergrande has not filed for bankruptcy in China, they should not be able to file here. They are trying to make their US creditors bear the brunt of their poor decisions & their country's policies.
Agree 100%
Exactly. FUCK THE CCP!
China owns most of US's debt, should roles be reversed? Or do you just keep raising the debt ceiling?
any politician that doesn't immediately end that should be prosecuted as a traitor. Bankruptcy protection for a country making nukes to attack the US... what a joke
@@jackpowrie3China doesn't own most of the US debt. They don't even own most of the US foreign debt. And the US pays their debts.
I don't know what point you're trying to make here.
They went bankrupt in China more than a year ago. USA investors had plenty of time to pull out all their stocks from them in the USA stock market.
Precisely, it never go bankrupt in China, CN government doesn’t allow that, they only suspend it for stock market for a year. And now it is back
@@hennessy_L Maybe not on paper but in reality they did.
Technically Americans aren’t allowed to hold Chinese stocks directly. They purchase shares in a foreign holding company for Chinese stocks. So good luck with that.
Why are Chinese corporations listed on US exchanges to raise capital from US investors NOT required to have their accounts audited the same way every other foreign and US corporation is audited?
As usual, the US investors are screwed, thanks to the greed of the US establishment who allowed this.
"Reasons"....."Pay no attention to the many behind the curtain...."
and thanks to the investors own greed, that made them invest in something they had little info or security from.
The investors deserve it knowing that they're investing in the regime
The Sarbanes-Oxley Act: The Sarbanes-Oxley Act of 2002 is a US law that was passed in response to the Enron scandal. The law requires all public companies, including foreign companies that are listed on US exchanges, to have their financial statements audited by an independent auditor. However, there is an exemption for foreign companies that are audited by a public accounting firm that is registered with the Chinese Ministry of Finance.
@@allenaxp6259what???👀🇺🇸
Why would Chinese real estate developer that only develops in China be listed on the US stock exchange? Let alone be allowed to get US bankruptcy protection?
Same reason alibaba is traded
Because we are suckers
Because the US and China rely on each other, economically. Moreover, the rest of the world relies on there being a stable economic relationship between the two.
Supposedly they have a few billion dollars in US assets they're trying to protect from creditors. Doubt it does anything for their Chinese operations, although they'll probably get some sort of massive debt restructuring from China as well. It'll mainly lead to an overall economic collapse for the entire world though, not just due to Evergrande, but due to the $20 trillion in collective handouts to people in every country leading to what is right now the single largest bubble in human history across the board.
@@jackpowrie3 Not for long...
Hmmmm...It's almost like the Chinese real estate practices weren't sustainable. Who could have possibly predicted that? (Spoilers: Anyone with two brain cells to rub together saw this coming.)
Like the US mortage/housing sector circa 1980-2008.
It’s almost nothing compared to Fannie Mae and Freddy Mac.
Yeah or anyone who looked at the West’s real estate sector since.. well.. since the start of western real estate sector.
Not saying any of those systems were good, but it's quite cheap to retroactively call everyone stupid for failing to properly identify and quantify risk. If all of you that pretend this would be easy, were smart enough to see this coming, then you probably are now all millionaires, having profited from the 2008 crash like Michael Burry did. And all of you probably became billionaires by shorting the Chinese housing market stocks, just in time. I have an inkling that you probably didn't make much money out of these events at all, if any.
@@hestiyani337 True but some countries can depend on migrants to maintain their socialist, ponzi scheme. Conversely, nobody wants to migrate to China or Russia. So, both are experiencing demographic decline.
Buckle up everybody; it's going to make 2008 look like a storm in a teacup.
The first domino....
Domino's Pizza originated in China!🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🍕
Just like in the kid's game "kerplunk" when the last stick is pulled and all the marbles come tumbling down.
give us back our real estate
No bankruptcy protection should be allowed to any Chinese company in a foreign country period
It’s allowed for every company, airlines like Philippine Airlines, LATAM have filed for chapter 11 bankruptcy in a US court because the condition are more favorable for the company than other countries
Lol you clearly have no idea of how business operate at all period
@@nickdatriple4081 The US has better conditions for bankruptcy protection, so it is only logical they do this. Why can’t he figure it out
Not how free market capitalism works😂😂😂😂😂
You can put restrictions on foreign companies if you like. But in the long run a stable free market with predictable rules for all will win. There is a reason people from all the world like to keep their savings in the west.
They take advantage the system here. File in China instead
This should humble a very arrogant hostile government and make them realise that the rules of economics apply to them like everybody else , they are like Japan 30 years ago, their manufacturing success and wealth has made them believe they are invincible, as well, they have started bullying the world with their military .
Rubbish! This is Xi clamping down on capitalism so China won't end up like the 3rd world USA & UK 😊
We want to ask the Chinese government! What is the act of cracking down on non criminal individuals people in China? Witch Hunting?
Holy !!!!
Let it all burn.
They down some of that Baijiu or shaojiu to get over it
Evergrande is bankrupt in the US, says enough, total collapse of this chinese company is near...
China has some nerve. America should ban investors from other countries just like Canada did recently.
Canada probably acted too late as the Chinese billionaires and many CCP government officials have just about bought Vancouver at this point.
You think that's bad? I had my internet blocked because I made a video criticising the CCP; had to throw the lot of it out and get a totally new connect.
They're at war with us and they're just not able to admit it because that's death. But mark my words they're circling the drain and will want to go out with a loud bang.
Wish other countries could ban US 'investors', particularly in the mining and housing sectors.
They're completely evil..
@@DailyCorvidAmerica needs to become like North Korea. They don’t allow any outside investors into their country and have one of the strongest border controls in the world. No woke or trans agenda there either. We just need to swap out the three Kim’s regime for the Holy Trinity.
@@DailyCorvid China Fact Chasers on UA-cam.
Honestly why would a person keep making monthly payments on a property loan that is not advancing in construction completion?
How is that Chinese communism and managed economy working out?
Why anyone would invest in a Chinese company is beyond me (speaking from personal experience).
Because American investors made big bucks from investing in Chinese business.
lol well said @@oussama.aoudia
Some Chinese companies have had crazy good periods, and they have a massive moat because the Chinese government allows certain companies to monopolise this giant market representing a quarter of the world. Better investors than you (like Charlie Munger) have invested in Chinese companies, although self-admittedly, that was one of his worst career moves. I have been eyeing Alibaba quite a bit, but I saw the CCP as a too great risk to invest in what is otherwise a much better investment than a Amazon, which people seem to be quite keen to buy (the company did extremely well, obviously, but at the price it's just not a rational investment)
Profit. Chinese real estate was a profitable market for decades. And it may be correlated/uncorrelated to your other investments. And it is a market with rather high capitalization, being able to take up a lot of capital. It was also rather liquid. Not everybody wants to invest everything they own into the US market, and especially for big funds, you need to look somewhere else.
I have only nio, I regret bought the stock
lol China is just like Russia, complete sham government. Btw, Taiwan is a democratic country. 🇹🇼🇺🇸🇺🇦
Are Evergrand’s individual customers afforded an opportunity to file for bankruptcy protection?
I doubt if they needed to. They don’t owe Evergrande anything.
Chinese citizens? Certainly not. They paid cash upfront, which they borrowed from a bank, most of the time, and usually before the building even starts. They lose everything.
lol
You must be joking.
Chinese laws dictate loans or credit are never written off. So unfortunately no.
The Big short movie , the man it was based on just bet $1.6 Billion on US market crash
The boss of evergrande just invested 250 million at beginning and very quickly spread and got huge amount loans with the help from CCP
Can a Chinese company file for bankruptcy in China?
No, they only can cheat in a democratic country
Can, but evergrande in china is not bankrupt because following china law. All debts settled.
evergrande filing for bankruptcy in China isn't a financial issue , but a political issue.
@@andrean2247 : So you are saying that Evergrande basically are following Imperial Chinese laws ? To settle disputes and to settle payments ? Wow... So the so called "financial systems" that the USA has... which China is supposed to have as well.. Actually, does not exist ?..... WOW.... Really, news to me. Genuinely.
LOVE SEEIN THESE COMMIES SUFFER!!!! IT NEEDS TO BE ***FAR*** WORSE THOUGH!!!...I WANNA SEE ANOTHER NATIONWIDE FAMINE!!!!
Don't help a chinese company, not with the attitude of the Chinese government.
Communist China spy networks in your country: 1. 99.9% of migrants, refugees and students from People Republic of China ( Communist China). 2. So called investment companies of CCP China. 3. Tourists of CCP Chinese. 4. Made in Communist China computers, mobile phone, monitors and drones.
Damn, if Evergrande go down, whole China is going down.
The world would potentially catch a contagion - - again.
Only 30% of China GDP.
@@denniswen8483 Yea, 30% is Evergrande, but when you expand everything that is connected to Evergrande, it's... chaos.
I am more interested in how chapter 15 works, but this video mentioned very little of it. What rights do the US investors have here!?
0
its funny how a chinese group ask for help and protection from bankruptcy to the greatest enemy of the Chinese people, USA ahahahahahh embarassing
I have been following the Evergrande struggle for the past two years. The situation is only getting worse as time goes by. Several more Chinese developers are also on the brink of collapse. Get out of ANY China-related stocks, ETFs or trust funds ASAP! You may lose some money getting out now, but it's better than losing it all.
What about the American stock market? It's even more overvalued today than it was in the summer of 1929.
Meh, why? Real estate sector is completely different from tech industry.
@@parkerbohnn Well, if you want to consider the Chinese companies to be just as robust as their American counterparts, then by all means do whatever you like, it's your money after all. As for me, I won't touch any of them at this point.
Only a fool would continue investing into any Chinese company at this moment 🤦
@@hyphen2612 At least there's much better value in the Chinese stocks compared to the American stocks if you hedge the fall of the Yuan.
China will have to dump all of its foreign currency reserves and foreign bonds to save its economy. Even with all that, its economy will mirror Japan's "Bubble Economy" of the 80's. When that bubble burst, Japan went into a decades long recession and deflation. Of course, Japan was in a much better position to weather the downturn than China because its economy was based on manufacturing quality and efficiency as well as developing some of the most novel and valuable technology in the world. China's economy, on the other hand, is based on cheap labor manufacturing, property speculation, and infrastructure overbuilding. On top of that, a big chunk is based on fraud and IP theft of all kinds. Thus, it is a house of cards that is collapsing.
Wow. Had been watching videos about this potentially happening for about a year. It’s finally happening.
Hope everyone is staying safe and saving their money.
@@jasoncullen8430 Quoting the video the issue is ''over-reliance on debt''. Please actually watch it.
@@jasoncullen8430 and inflation is the reason people are cutting back on spending. Stay in school.
@@jasoncullen8430 it’s almost as if you want people to risk their financial stability to help prop up their domestic economies 😂
Same videos came popping up & it’s finally happening
China Economy has F all affects on anything bar supply. China is nothing but a disposable labour supplier.
Why should my tax dollars bail them out tf
Oh wait bec politicians are CCP funded
With $300 billion usd in debt. Any investors still interest to put their money to Evergrand ? Too many projects to be done with no money in their account. How can Evergrand still believe that they are be able to fool the world again ?
The Chinese property market is the second longest running ponzi second only to the U.S. stock market with Bitcoin bringing up third place. One down and two to go.
VW has a 200B debt too
Democrats do it all the time
Slap to Xi. Why not file for bankruptcy the govt of China
"You will own nothing and be happy" - World Economic Forum
You realize these sort of events are the literal exact thing will guarantee you will continue to own your possessions, right?
The house of cards will always collapse under its own weight.
Do some reading and stop parroting lines you dont understand, smh.
Evergande has overseas debts about $31.7 billion (bonds, collateral and repurchase obligations). File for bankruptcy protection means a company's finance is in ICU on life support. To say it is not the same as bankruptcy is theoretically correct. But it is a pointless argument over semantics. But in practical terms, it means the company is finished. Evergrande all along was hoping that China Government will bail it out as "too big to fail". Xi JP has mismanaged China economy.
I understand peoples concern of a foreign company filing for Chapter 15 in the US but not in their country is a bad deal for US investors. But let’s be clear , the US investors decided to take a gamble in Chinese companies despite the opaque laws/standards and forgo investing back into the US . I say , these investors played a game and lost - why should we be concerned?
I am so Shocked! Like we were never talking about this for years and years ago. Google it and you find old articles. This is only the Top of the issue.
Screw these rich folks who lose their investments. Most people in America, China and rest of the world don’t have the luxury of worrying about portfolios.
Crazy company... business model is just by rolling forward until bankruptcy.... rolled it even taking money from o e ptoject construction unit to another....
Recipe for disasters
China was quite condescending towards the west for the financial crisis of 2007. The funny thing is that is precisely when they stimulated their economy with nonstop stimulus and easy money. They’re more able to rollover and obscure problems that pure market economies are, abs accordingly their problems are now much larger.
Didn't you claim that mercedes cars were actually chinese cars that caught fire ?
@@jacksmith-mu3ee That was their electronic vehicles produced in China. I watched all the youtube videos. Those cars need to be convertibles with an ejector seat and an ejector seat button.
@@parkerbohnn nope. German cars on German ship .
The claim was wrong. Unless mercedes is chinese brand suddenly mr video
spit oil tofu dreg...
Bankruptcy court needs to sell all assets and pay off the creditors.... but we all know that won't happen so a lot of folks are going to get screwed instead.... need to tap the CEO's personal fortune to pay the bills....
Still think Socialism works?
Yes . China best nation
Anyone hating china is animal
That's why I don't invest in CCP stocks. Lack of company information due to state secret.
Didn’t know there is a bankruptcy law in china for the chinese
They're using funds from new customers' deposits and payments to build or complete construction for previous customers. The company is operating entirely on debts, basically borrowing from new customers to pay for the old. Their debt has grown so great this has became a death spiral as they need increasing new money to pay off old debt and liabilities.
On the other hand, TUi is offering cheaper flights. Bingo ⛳️
2008 will look like a children's playground vs 2023 house market crisis. The bubble is so massive and inflated it's beyond belief.
Not at all.
2008 was massively destructive because of the multiplier effect of Credit Default Swaps. Don’t believe the Chinese property market has quite the same risk, and in any case it’s the poor Chinese home-owners that will be the ones to lose out.
@@sirrathersplendid4825 Besides the imaginary bonds the US owes themselves, China owns most of the US Treasury Bond Debt. Any economic disaster on either side would be disastorous for everyone regardless.
2008 was on steroid because of derivatives. Chinese banks are not as greedy as US bankers because they are mostly state owned.
@@nsebast No, 2007/8 was disastrous because credit agencies like S&P and Moody’s were endorsing collateralised mortgages which had no chance of ever being paid back as “sure thing” AAA bonds. Banks across the world bought into these bonds, including the bank I previously banked with, RBS in Scotland. You’d be naiive to think the banking sector in china, albeit state-controlled, isn’t designed to make money. The problem is the whole World economy is shrinking because of various combinations of inflation/recession/deflation throughout Europe, US, Asia and the Middle East. Do you not wonder why things are more expensive now comparatively to 2-4 years ago?
Mind boggling swindle stories from China. Fooling the world and it's own citizens a way too long and too much. Lots of skeletons in cupboard, still to come ?!?
Here are shocking numbers about China's 🇨🇳 real estate sector:
- Evergrand's $340 billion debt is more than the GDP of Vietnam.
- *Empty apartments,* mostly unfinished, are sufficient to house the population of Germany.
- The company's eye-watering $81 billion loss over 2 years is bigger than the GDP of about 40 countries in the world.
All the CCP's smoke and mirrors in falsely inflating its economy are now tumbling down, which unfortunately makes China all the more dangerous internationally because Xi Jinpeng desperately needs to distract from a multitude of massive failures, from Zero Covid to the Belt & Road Initiative, to Evergrande.
shocking news!!
they can print more 😂
The last statement... well can you specify those 40 countries?
The last fact's number becomes meaningless as countries like Tuvalu has only $0.07 Billion USD.
As an example, I could argue, "$81 Billion USD is like GDP of about 1000 Tuvalus... etc etc."
It's just number without context and without context it's meaningless.
@@mit3da9yo Speaking of "meaningless" you really picked the most meaningless aspect to debate. Just above that he states that Evergrande's $340 billion debt is larger than the GDP of Vietnam. So is that concrete and specific enough for you?
Don't tell me now that they file in US that we the Americans Citizens will have to bail them out. F that shyte! They should file in China since they only deal with China
How does Chapter 15 go about restructuring or winding down these non-US companies?
Yup .. now all that land goes back to ccp . Ccp wins in the end..oops
My understanding of China is that the *land* always belongs to the government. It is *leased* for up to a hundred years to developers. So real estate contracts need to be written to account for this. @@jacksmith-mu3ee
They should change their name to
“EverFlopped”👎
Why should any country help China??!!
Yes, their internal propaganda tells their people they are the most advanced and powerful country in the world. Let them prove it.
Bcz r don't care what u think loser
I'd give a drowning man an anchor to hold.
@@parkerbohnn the anchor is made in china
Meanwhile, the US government will be responsible for paying back all the creditors
does it mean claimed 18tn economy of china may be wroth much less....30 percent of their economy is realestate..if it goes down, we are talking abt 5-6 trillion...and then it also raises doubts over other things like infra...
Be careful about what you are referring to. The GDP may be 18t, but the total value of assets is much, much higher.
Be careful about what you are referring to. The GDP may be 18t, but the total value of assets is much, much higher.
If America cranks interest rates higher the entire Chinese economy implodes. That took down the property market in China and the economy with it if. America raises rates even higher it takes the Yuan down making everyone in China poor compared to the rest of the world.
#황장수.소장..great insight.를..여기.BBC에서..그대로..전하네....역시..황장수..소장은..대단한.사람이다..대한민국.에서..이런..생각.하는놈은..황장수.소장.외에는.단.한놈도.보이지.않는다.
대한민국.유명한.경제학자들 & 윤석열.경제.보자관들인.#용산.측근간신.들...뭐하나.???
Well blow me down!
How much money do they owe? Who do they owe it to?
The vendor's not getting paid, bonds unfulfilled. Ouch.
Customers paid large deposits for home which hardly being built
over 300 billion USD
that's 300,000,000,000 in case you need to see the 0s to put that into perspective
They’ve accepted payment on over 900000 apartments which they haven’t started building but have already spent the money. Their institutional debt is nothing in comparison with what they owe individuals.
what was that about Taiwan?
The boss of evergrande just invested 250 million at beginning and very quickly spread and got huge amount loans.
Worldwide recession incoming!!!
China fall down will be interesting and tremendous
High worldwide interest rates are the nemesis of China. Higher for longer will spell the end of the Chinese economy. It took down their housing market and it will take down the Yuan.
It will happen over years.
Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!
So it begins...
They said that in 2021
Oh, I love you guys, the best market analysis! Seriously, why not mention Cannafarm Ltd?
I need to research how bankruptcy laws work. Do we offer a legal umbrella for businesses in default to prevent them from being sued because it would create chaos and dysfunction if a bunch of the people they owed money to but could never pay started suing for those debts (that would never be paid) and claiming them as credit for other investments? That’s the only reason I can think of yet for there to be laws like this
There are lots of videos on this topic. But mainly the bancruptcy procedure is meant to ensure that creditors get as much of their money as possible, according to some prioritization, and maybe even save the company and its jobs (not the case here).
Yes companies under bankruptcy process cannot be sued or have their assets seized. They either make a deal with their creditors, usually erasing some debt but promising to pay the rest, or they can't agree to any restructuring plan and sell off all the company assets to pay back as much debt as possible.
You definitely have my sub. This content is next level. For me cannafarm ltd was the turning point. Please keep doing what you do and keep being you, love it.
God is angry at China.
Maybe because the rest of the world has yet to be reimbursed for Covid that originated in Wuhan China.
More and more companies are integrating cryptocurrency into their operations. Its actually interesting because it opens the door to investments. I would say its the new financial future. I recently started collaborating with Cannafarm Ltd, and it seems
4:46 - Mike loving the slow moving car crash
Thank you for your research. I find your videos are well done. RIght now Im keeping an eye on Cannafarm ltd
Let me get this straight: CHYNAH's largest property developer is seeking bankruptcy protection in the UNITED STATES? How's that supposed to work?
US based investors bought debt, hoping to cash in on the Chinese property market. Turns out that market is not as strong as they thought lol. And everyone was running scared that the Chinese currency would overtake the dollar lol
It's OK just to use the word "China," dear.
If any foreign investors put money into the Chinese property market in the past 4-5 years were scammed considering how much the internet has shown it's a house of cards.
Ok boomer
@@wintersbattleofbands1144 Then go ahead. I like to spell it CHYNAH .
I work with Cannafarm Ltd. In just 5 months, I made a profit of +90%.
Country gardens is also a nightmare. Who is next?
The dominos are falling.
More and more companies are integrating cryptocurrency into their operations. Its actually interesting because it opens the door to investments. I would say its the new financial future. I recently started collaborating with Cannafarm Ltd, and it seems
We are watching malignant capitalism at it's finest 😢. The rich will be saved and even rewarded, while as usual, we are all forced to eat each other to survive. And I state this regarding every countries working poor. The seeds of world war 3 are sown.
No, the "oligarchs" are an age-old Communist tradition. This isn't happening in Capitalist countries. Indeed, all of the "Oligarchs" have stashed their money in Western real estate and investments precisely because they know it's best. Don't worry, you not man enough to fight in any war anyway crybaby ;)
Yup .. now all that land goes back to ccp . Ccp wins in the end..oops
I work with Cannafarm Ltd. In just 5 months, I made a profit of +90%.
Financial bailouts are unfair on people who haven't got access to large scale finance. Especially of generational wealth receivers and highly educated people never mind the lesser evolved people that occupy public space and make little to no economics contributions yet are always in the news and on the public facing service providers agendas.
Are cryptocurrency and business incompatible? I think youre not keeping up with the news. While you thought it was impossible, some enthusiasts from Cannafarm Ltd integrated cryptocurrency into the production of medical cannabis. What do you say now?
I always wonder why a Chinese need to go overseas and raise capital from US capital markets. Given there are approximately 1.4b people in China you would there would be enough savers who would happily lend their money. I suspect the answer maybe so they can default(embezzle or squander) behind corporate bankruptcy law and not pay back the money owed without penalty.
I would say it is more of a "double dipping" they are loking for. Make money there, make money here. Problem is they mismanaged it and didn't keep enough to actually finish the properties they started or didn't even start yet... Imho, evergrande and peers are running a huge ponzi and we suckers in the west fell for it... reason for any of it? Greed
Half the population is earning less than USD140 PER MONTH in China according to the Former Premier Li Keqiang, so basically a lot of China’s people are still suffering from extreme poverty.
@@bj1jen
Years ago some Chinese sold their century-old house dirt cheap and immigrated to the US to wash dishes.
Today the same house worth half a billion.
Somehow these Chinese hate China to the guts (still washing dishes).
@@bj1jen If the communist have been power since 1949 and half of the population is still in poverty….you have to conclude that Marxism is not the solution.
Because raising capital in China isn't as easy as one may like, the Chinese stock market almost doesn't move. Getting loans from banks isn't easy, banks would rather to lend money to SOEs. Also, for some companies, such as Alibaba, they have agreement with investors, that they could eventually get listed in exchange market oversea, so that the investors could cash in the profit.
Cryptocurrency is volatile. Diversifying your portfolio is a sensible strategy. For example, I have deposits on Binance where I engage in trading, also staking on Kraken, investing in companies like Cannafarm Ltd, and I also participate in liquidity pools
China property giant Evergrande files for US bankruptcy protection lolz
Im glad i got into cryptocurrency when I did because it’s been a turning point for me financially, been my best decision so far. Ive been making my personal research for a while now. For me it turns out that the best way to earn on crypto is cannafarm l
The US court shouldn't approve a Chinese 🇨🇳 "Madoff" Evergrand to file for bankruptcy.
- Off-shore creditors should be able to seize their assets even in China.
@lastChang……How? Beat them with your curry body odour?
Never happen. China only does things one-way - the CCP way.
In practice, you can't.
@@tkw3864 beat them with Covid boosters which actually work unlike Batsoup filled CCP injections
LOL good one bro. this chang is everywhere always making dumb statement@@tkw3864
Nevergrande. Invest in China at your own risk.
What is happening in China now is what happened in Japan 30 years ago.
China's economy has been bloated by the supply of funds by its 1.4 billion people, whose only surefire means of accumulating wealth is real estate.
Like the Japanese 40 years ago, the Chinese believed that real estate would rise in value forever, so they borrowed money at high interest rates and bought properties at ridiculous prices.
Over the last 30 years, real estate values have continued to rise,
and nouveau riche have been wasting lots of money in America and Europe , just like the Japanese did in the late 80's.
However, when they built condominiums for twice the population all over the country, huge ruins appeared here and there, and the population growth slowed down, they realized that the asset value that had been inflated with debt was actually an illusion.
The Chinese have noticed.
The Ponzi scheme that makes the Chinese happy may have continued if the spell hadn't broken.
It is domestic gold that has inflated the Chinese economic bubble, just like the old Japanese bubble. I don't think China's bubble burst will have that much of an impact on other countries.
Despite the tremendous pain, the Chinese government has no choice but to burst the bubble as soon as possible and reduce the value of people's assets to the lowest level. Perfect if possible without damaging government finances.
The non-democratic Chinese government should blow up unused condominiums without compensation.
China could start a new Ponzi scheme when homeless people flooded the country.
lot worse than japan
You can't build an economy or a big part of that on real estate. China has lost a lot of manufacturing business to other cheaper countries......a double blow!
tldr: china is pretty fucked^^
Totally different. China does not have American troops on its soil. The US is in no position to force another Japanese Plaza Accord on China.
I did a junior maths sum.... 1 person can have around 27 properties... lol.... And I presume that, each of those properties... is an actual high rise. So... say.. each high rise.. is around or can house around 800 people... So each person inside China... can have around... 21,600 rooms. (800 x 27).... lol..... I think China, has built for the entire world. And more. I don't think they thought things through somehow...
Evergrande is a criminal enterprise that shouldn't be allowed to escape the criminal penalties for its misdeeds as a Chinese tool for economic control.
Unlike The Whitehouse, atleast China are not on the verge of defaulting on their national debt 🤣❤️👍
Lol, the U.S. will be the last on earth, to fall. And if it does, blame the far-reich wing Republicans in Congress who are working hard to bring it down from within (while wrapping themselves in the flag, and carrying a bye-bull).
Is it true that every nation dreams to grow >5% combo with deflation like China?
The most crucial thing is that China is not facing any homelessness crisis, which is a good thing.
It's all about supply and demand. China already has tens, if not hundreds, of millions of buildings that are not being use. Homeless is pretty uncommon over there, which is already an impressive accomplishment by itself.
Obviously they do not need any more houses. But if they do, it's always available. They are just so affluent; imagine having a hundred million backup homes.
Construction projects are currently not high priority. The funds instead will be allocated to the military industry and space programs.
An example is China's proposed of 500+ J-20s by 2025 and two of China's mega constellation projects that will light up the entire lower earth orbit and sun synchronous orbit with 13,000 satellites from the Guowang constellation and another 12,000 more satellites from the G60 Starlink mega constellation. I have immense respect for them. I am so grateful to experience all their wonderful projects they have accomplished in the last 23 years and I can't wait to see all the magnificent projects they are currently working on to unfold.
Quiet west Taiwan troll bot.
When i read stories on you tube there are many pictures and stories about people living on the streets and in subways . Look them up for yourself.
@@thomashaapalainen4108wuiet my lion produce
Take your CCP propaganda elsewhere. Western citizens aren't as dumb as yours.
Chinanis rife with poverty!
The Chrysanthemum Seed rescue team's work is captivating and impressive. As an enthusiastic observer, I appreciate their dedication and the meaningful impact they bring to their work.
It's such a heart-warming story.
don't work with America
Watching the Chrysanthemum Seed rescue team's rescue efforts is absolutely heart-rending. Their dedication and passion are inspiring, and my heart goes out to all the families involved.
As an enthusiastic audience member, I deeply appreciate the Chrysanthemum Seed rescue team's dedication and hard work. Their efforts carry greater meaning and significance, and I have immense respect for their commitment to their work.
The Hollyhock Seed rescue team's exhibition is a true work of art that leaves me in awe. Their passion and enthusiasm radiate through this captivating and legendary video.
China has very low inflation rate, some call this deflation, while Western world have inflation crisis. the reason is that China is over supply of everything, including houses, while other countries are in shortage of everything, including houses.
What is "the western world"? 🤔
With over 1.4 billion people in China, i'm surprised that over 60% live in poverty and not these empty ghost cities 😆
@EshweshwaShwornUSA BAHAHAHAHA sure buddy. Keep dreamin
But the Americans don't have brand new ghost cities. For the sake of growing GDP, the Chinese built entire cities that never got populated@EshweshwaShwornUSA
@@x3rs3s- The population figures were recently corrected downwards from 1.4 to 1.3 Billion by the CCP, which means the real figure could be several hundred million lower. Several China analysts think ~1.0 Billion may be more realistic.
As a member of society, I'm truly proud of the Hollyhock Seed rescue team's hard work and devotion. Their commitment to their work is truly amazing and makes a significant impact.
A lot of Chinese can only cheat the democratic countries by bankruptcy, and more things are the same
The Hollyhock Seed rescue team's work is captivating and impressive. As an enthusiastic member of the audience, I appreciate their dedication and the meaningful impact they bring to their work.
Western investors are paying China's defaults, after years of constructing Toofoo buildings. Simultaneously China is selling US bonds to purchase tons of gold and silver, while the US Fed and major Banks are repressing the gold and silver price with uncovered paper transactions, so nobody realizes that the US dollar is falling and losing its reserve currency status. How ridiculous can you get? Who will end up on top?