To: SeekAndFind
To: SeekAndFind
'A new study on China’s real estate market reported by state media paints a bleak picture: 76 of the biggest real estate developers need to repay
2,500 trillion yuan ($367 trillion) in the next 12 months, including
177 trillion yuan ($25.69 trillion) in interest.'
3 posted on
09/28/2020 9:08:57 PM PDT by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: SeekAndFind
If this is indicative of China’s finances in general, they are in a very precarious place. That said, this makes China an even bigger threat, as their political ‘leadership’ will not just go quietly into the night.
To: SeekAndFind
The world economy will feel this, IMO.
6 posted on
09/28/2020 9:10:37 PM PDT by
laplata
(The Left/Progressives have diseased minds.)
To: SeekAndFind
the numbers do not make sense
10 posted on
09/28/2020 9:36:52 PM PDT by
RockyTx
To: SeekAndFind; laplata; neverevergiveup; Theoria
IT’S 2.5 TRILLION YUAN
THE 2,500 TRILLION YUAN NUMBER IN THE ARTICLE IS A MISTAKE.
I WENT TO THE CHINESE WEBSITE.
11 posted on
09/28/2020 9:37:23 PM PDT by
dp0622
(I DON'T KNOW WHAT TO DO ABO UT THE COVID GODFATHER, I DON'T KNOW WHAT TO DO. YOU CAN ACT LIKE A MAN!)
To: SeekAndFind
A hundred trillion here, a hundred trillion there. Pretty soon you’re talking real money.
37 posted on
09/29/2020 5:08:28 AM PDT by
utax
To: SeekAndFind
Well, China is dumping the paper yuan for the digital yuan. It’s probably cheaper and easier to add zeros to a digital currency than a paper currency. Digital saves the cost of ink, paper and printing press machines.
The digital yuan should not be confused in any way as a cryptocurrency like ethereum or bitcoin.
Anyway, I think China is on the brink of some ridiculous catastrophic event that nobody expected.
(Buy gold and jars of chunky apple sauce w/cinnamon.)
38 posted on
09/29/2020 6:38:26 AM PDT by
sergeantdave
(Teach a man to fish and he'll steal your gear and sell it)
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