Wish we still owned Smithfield.
The CCP also owns the iconic NYC Waldorf Astoria hotel.
Closed it down for two years to rehab.......and turn suites into luxury condos.
The million dollar condos were put on the market right before the virus hit.
Any takers now .........for CCP property?
Living in Flower Mound.
What are this developments- where are they?
The Chinese economy is going through an apocalyptic period it hasn’t seen in decades. Chinese investors are cash-starved and typically more highly-leveraged than their already highly-indebted US counterparts. As with Japan’s crash roughly 30 years ago, they’re exiting their most liquid investments (i.e. the ones where they’ve lost the least money, and there are cash buyers), typically abroad. As with Japan’s big investors, they will probably end up losing money on their foreign assets, but end up taking far bigger losses on their Chinese investments for a decade or more, and wish they had sold their Chinese assets instead.
The ChiComs are pulling similar tricks all over the world, and in the Third World and less developed nations in particular. They loan huge amounts of money to their corrupt, none-too-bright leaders with major infrastructure or industrial properties (ports are especially prized) as collateral. When the tinpot nation defaults, the ChiComs take possession.
Can they go for a jury trial? US jurors might not like seeing this take place.
Play with the devil... Get screwed by the devil... Deservedly so!
No one should do business with the CCP liars and thieves.
Our friends the Chinese communist party
Hmm. My daughter lives in Johnson County; it has had a population and building boom the past few years. She moved there for quality schools.