Signs of stress have also become apparent in China’s corporate bond market, where private companies have been encouraged to seek financing. By early June, 20 corporate bond defaults totaling 14.2 billion yuan had occurred, many of them by private, listed firms, according to a report from China Central Depository and Clearing, a state-run settlement service for financial products. Rising default risks have worsened private firms’ bond ratings, pushed up the costs of issuing bonds, and forced some to shrink the scale of issuance.
We can win the trade war, despite all the help from the corrupt MSM and Democrats. The Chinese are trying to hold out, hoping against hope, that something might happen to assist them, but alas, such help will not be coming to their aid anymore than has been proffered by the MSM.
And here we have more evidence, their fascist system (I say fascist because it has the illusion of private ownership of industry but under total government control, which is a hallmark of fascism, not communism) is a flop and teetering on the brink. They'll come to the table soon enough. Trump's gonna win this one.
Ping.
Waiting on my Wife’s daughter to return from internship in Shanghai. She made a comment to her Mother about shanghai but did not go into the details. I am sure she saw the Ghost cities, maybe she will have some photos and stories to share.
Given their leverage, I doubt they can hold out long if Trump’s tariffs seriously cut into their exports. It’s not like they have a lot of extra capital sitting around and can afford to wait.
Private equity firms have been leaving China in droves since 2011. They set sail for Southeast Asia, South America and India.
I don’t really care about Gooklandia. I care about the USA. Things are looking up for the US worker. More tariffs please!
Ping