China property bust article....

I definitely will seek it out. Have (surprisingly) struggled to find vegetarian options here. The disappointment (perplexion?) on my colleagues' faces when they want to take me out for dinner to a BBQ place or to sample a local specialty (beef soup), and I say I'm vegetarian makes me feel like such a let-down.

 

Ha! I'm vegetarian too! lots more options in Taiwan for veggie food than mainland....

 

Don't mention the T word!

 

This one is definitely worth a listen (audio quality is not great though).

ACAST:
Patrick Chovanec - Evergrande, China's economy, and the CCP's shifting posture under Xi

APPLE:
‎The BIP Show: Patrick Chovanec - Evergrande, China's economy, and the CCP's shifting posture under Xi on Apple Podcasts

 

Hopson Development plans to acquire 51% of Evergrande’s property management unit - Global Times

 

It's just the beginning of the transition.

The pain will be distributed amongst many people. Enough to cause many some pain, but not enough to take the economy as a whole down. China would never allow that imho. Some folks may go to jail. Before you know it, it's business as usual again.

 

Except it's not business as usual. Because Evergrande is not paying out foreign bondholders and is leaving foreign equity holders for dead.
What sort of message do you think that sends to foreign investors and the cost of debt and equity they will demand in future for any investment into that country?

You've been on here a lot complaining about government intervention in Australia's capital markets over the years. Does the same not apply over there?

 

I've never complained about government intervention on anything in Australia. I just get on with it.

Also I'm not saying what China is doing is right or wrong. My only opinion was China will not crash as some are predicting. That's it.

 

Shares in China property firm Evergrande suspended pending ‘major transaction’

 

Did anyone go to jail over Lehman Brothers?
Stink to high heaven.
Why Only One Top Banker Went to Jail for the Financial Crisis (Published 2014)
Why Only One Top Banker Went to Jail for the Financial Crisis

 

Lehman Brothers collapse: where are the key figures now?

 

He should be name Mr. Teflon man.
Nothing sticks to him.

 

Like Teflon John Ibrahim. He actually lives very close to me...

 

Drum roll..........rrr....rrr....rrrr....whats the bet more will soon follow....

Chinese property developer Fantasia just missed a $206 million repayment deadline, a sign that China's real estate woes extend beyond Evergrande

Reminds of Humpty Dumpty...lets see if Xi Ji Ping can put Humpty Dumpty together!

 

With the economic woes facing him, no wonder he is ramping up the provocative Taiwan issue by sending dozens of planes into their airspace. No better way to distract people.

 

100%....that is exactly what I judge how bad China is doing economically. The more they carry on and act more aggressive towards Taiwan more dire things are economically in China. The Western Intelligence agencies know this...and will exploit this....very possible he will get over thrown at some stage as a lot of CCP members have secret interests in a lot of companies. Watch and see and you will see who is swimming naked....

 

Well, 2020 and 2021 have been quite the years, maybe 2022 can dish up an existential crisis

 

Yeah like poor morale in armed forces/generals ...disgruntled business elite... and Taiwan/Formosa exporting their locally made Medigen vaccine to the rest of world at the expense of the crappy Sinovac/Sinofarm product...maybe even Chinese mainlander preferring that vaccine.

 

Only the start I would say, more losses from their failed electricity grid too.

Unprecedented times, only thing we can do is sit tight in the roller coaster ride and hope there will be an end within a few years.

 

As I always say, China will be the next repeat of what happened to Japan in 1990s. Japan 2.0 coming soon, maybe 2022