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/biz/ - Business & Finance


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55845994 No.55845994 [Reply] [Original]

>China's largest private real estate developer Country Garden (2007.HK) is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector, piling pressure on Beijing to step in.
>Adding to worries about contagion risk, a major Chinese trust company that traditionally had sizable exposure to real estate, Zhongrong International Trust Co, has missed its repayment obligations on some investment products.

>> No.55846027

>>55845994
>china
not my problem

>> No.55846035

>>55845994
>China
They'll just leak another NIH funded disease.

>> No.55846045

>>55846027
2nd largest country by GDP which also happens to be the main exporter for the whole world going through a crash will bring the global economy down with it, not to say they might do something reckless like invade Taiwan

>> No.55846054
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55846054

>>55845994
Guys, I don't think China's going to collapse, but I'm staring to think that their country's economy turning into Japan Mk. 2 isn't just a meme. Their demographic situation alone is bad enough but they have so much working against them right now it's kind of nuts, and that's even when taking their data at face value.

>> No.55846065

>load ze china fud

>> No.55846150

>>55845994
>omg it's like Evergrande 2.0!
nothingburger

>> No.55846160

>>55846065
kek this...gary fud wasn't very effective and is losing steam so it's back to good ol' china fud

>> No.55847119

>>55845994
Wow so Evergrande fud 2.0
Im too old for this shit wtf

>> No.55847131
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55847131

>>55847119
Bruh, as a zoomer I feel like a boomer reading this shit so fucking tiresome ong

>> No.55848140

both Country Garden and Zhongrong are big and if they collapsed it would be bad but the real shit is that they are just the first of their entire industries that will collapse
https://www.asiamarkets.com/chinese-trust-companies-on-the-brink-looming-bankruptcies-bigger-than-evergrande/

and then all the state and local governments who are leveraged many times over will also default and the contagion will spread, probably first to southern european countries and countries the IMF has been keeping from defaulting and then to G7 economies and then, then, google search results for "what is a liquidity crunch" will go up sharply

time for a cyberpandemic and "great reset"
https://www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/
(this article is from a year ago, it is much worse now)
https://rielpolitik.com/2021/07/07/gladio-from-event-201-to-cyber-polygon-the-wefs-simulation-of-a-coming-cyber-pandemic/

>> No.55848620

>>55848140

Two more weeks.

>> No.55850405

>>55845994
This time for sure. I feel it. Only a couple weeks left.

>> No.55850596

>>55850405
>>55848620
Saying "two more weeks" ironically doesn't negate the fact that the happening is UNironically going to come and fuck everyone hard.

>> No.55850615
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55850615

>>55845994
if this is right, I don't want to be Zhangrong

>> No.55851079

I know I posted this yesterday but to add to the doom posting ww3 started in 2024 in star trek

>> No.55852218

>>55846045
fine with me, their already cheap labor is about to be cheaper

>> No.55852377

>>55848140
Anything to suggest that a "cyberpandemic" is actually going to happen soon?

>> No.55852621

>>55845994
Lehman at its peak had a market cap of 680 billion. Country Garden has a market cap of sub 10 billion, currently in the 2 billion market. It might as well be a literal who.

>> No.55854327

>>55846027
memes make you look smart when you apply them fittingly.
Chanting them randomly like a magical mantra just outs you as a gaydittard, a onions and an overall steaming pile of human feces.
You fucking child, who told you you could shitpost with men?