China property bust article....

Second developer defaults....it is about to get smelly. Let see how the bailouts go.....I smell revolution in the air...shortly...if this keeps going.



‘Contagion’: Fears as second firm in crisis

 

Third on its way

 

Mwaahhaaaa....yes I hear more on the way.......

I can now hear crickets...from the naysayers...

 

With Evergrande's managed collapse, Beijing is sending mixed messages

 

I’m interested to hear why anyone thinks China can’t and/or won’t bail these developers out? Is this anymore than a drum up by western media and a storm in a tea cup from CCP perspective.

 

They probably will or probably wont...who really cares .

its not the end of the world

 

XI may try and make an example of them and take the opportunity to tighten up policies . Xi could bail them out if he wanted but I don't know if a bailout is coming this time. It's actually a good opportunity for China to go in a different direction regarding more sustainable practices.

With regards to china's economy as a whole it's very resilient and robust and will most likely not be affected in any catastrophic way imo. Media are doing what they do best - selling headlines.

 

There will be a bailout in some form, but to save face it will be carefully stage managed, and made not to look like a bailout. Don't want to encourage too much future speculation, but also don't want to squash growth. It's a fine line they have been battling for years now.

Maybe eventually a few executions of executives to show they are serious.

Can't let the citizens get too angry...

 

A lot of foreign investors involved, I'll be surprised if they'll ever get a cent of their money back.

 

I know you're sceptical of government interference in property in Australia, as am I, but imagine the scope of Xi's influence in China.

 

China has been gradually becoming more capitalist country so I'm disappointed to see them bail out the companies.

A step backwards imo

 

It's hard to imagine Xi won't intervene in some way to lessen the blow,.probably indirectly. Whether it's a full bailout or some other agreement they come to with other players, it will most likely have Xi's influence behind it. I do think he may want to make an example of them this time though. Probably some jail time....and who knows what else. At the end of the day the degree of pain China will feel from this event , in my uneducated guestimation won't be huge. China is just too powerful to go under. It can basically do whatever it needs to survive.

It's more about whether Xi wants to use this event as a catalyst for a change in policy to something more responsible so there's less collateral damage along the way for the average person.

 

For all the people who think all is well in China are probably working for the CCP...where is ASIO when you need them...they unhinged from the truth.

The CCP is quietly buying coal again..unless they want more economic consequences. Some cheeky Chinese entrepreneurs are reselling the coal they can't unload to India ....

Desperate China backflips on Australia

 

Chinese Developer Sinic Defaults Amid Evergrande Contagion

this Friday will be interesting.

 

https://twitter.com/Fxhedgers/status/1450958957976043524?s=20

 

Hang on and take a breather.
If anyone thinks China don't have the ability to bail out or save Evergrande.
I think you are just being silly and have very little ideal in financial system.

If USA is feeling slight threat from China and they have called them a credible adversary.
That should tell you how powerful China is.

They will handle this somehow.
Why do you think I haven't try to speculate on the contagion of this train wreck.
It was flagged in 2018 and I was already aware of the enormous Chinese company debt.
The question was always, will they be allow to roll it over?

Grab yourself a pop corn and watch the whole show till the end like you are in the cinema.
Don't be that guy or girl who shouts out loudly in the cinema - I know this part!

 

That's how it always starts until it becomes uncontrollable.

Let's see what happens.

Shrinking population and property crashing, getting nearer to Japan 2.0

 

Yep all it not well in Winnie land... GDP down to 4.9%....issues with energy supply...4 more real estate companies in trouble....interesting times indeed.

China’s Economy Continues to Slow, Rattled by Real Estate and Energy

 

I've heard from very reliable sources that the chinese blame Australia (mainly Coal ex) for crashing the 'global' economy.
They are going to wreck speculators. Its as simple as that. They'll attempt to prove that communism is better. THey've made this pretty clear a few times.

Bank of England is in some serious trouble too.

All these morons knew what was going on in china and thought 'hey, its easy money and Xi will always bail us out if we get MC'
- Xi is going to absolutely wreck the westerners.

If anyones into AMC/GME they might be getting excited - Looks like snapchat amongst other relatively mid size tech stocks are going to be pummelled.

 

Evergrande 'may be very close to liquidation'. So what happens then?

First confirmed default coming,
Day of reckoning tomorrow?