The Beginning of China’s Economic Collapse?

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siliconlife
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Re: The Beginning of China’s Economic Collapse?

Post by siliconlife »

Kammekor wrote: Sat Sep 11, 2021 6:57 pm
Anchor Moy wrote: Sat Sep 11, 2021 6:10 pm
The Judge wrote: Sat Sep 11, 2021 5:56 pm One can only hope
:dm:
Be careful what you wish for. The economy is global these days.
And when a country is having serious economic problems, there's nothing like a good war to stimulate the economy and to encourage nationalist sentiments among the population.
With the current bubble in the market (well, in every market...) a domestic Chinese problem might have a worldwide fallout.
Yes, but that is not equivalent to "the beginning of China's economic collapse".
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hanno
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Re: The Beginning of China’s Economic Collapse?

Post by hanno »

The party is continuing to show the big companies who is boss, this is just another example after HNA and Anbang. They are going to get cut down to size, a lot of investors will lose their money, and Evergrande will come under direct control of the government.
mcam
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Re: The Beginning of China’s Economic Collapse?

Post by mcam »

Huge cultural changes happening in China.

Crack down on online gaming for children.
Ban on after school tutoring.
Ban on foreign textbooks.
Crackdown on media like movies and TV. Celebrities told to only promote views that are aligned with the countries thinking.

Reason? Stop western culture being promoted and try to increase birthrate.
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nemo
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Re: The Beginning of China’s Economic Collapse?

Post by nemo »

Crackdown on LGBT
Crackdown on Tech companies
Crackdown on rich people
nerdlinger
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Re: The Beginning of China’s Economic Collapse?

Post by nerdlinger »

Anchor Moy wrote: Sat Sep 11, 2021 6:10 pm
The Judge wrote: Sat Sep 11, 2021 5:56 pm One can only hope
:dm:
Be careful what you wish for. The economy is global these days.
Yup. Never ceases to disappoint me how often people seem to view economics as a zero sum game - the idea that if something is going badly for someone else then it must be good for me.
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Re: The Beginning of China’s Economic Collapse?

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Jerry Atrick
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Re: The Beginning of China’s Economic Collapse?

Post by Jerry Atrick »

Kammekor wrote: Tue Sep 14, 2021 7:18 pm
Jerry Atrick wrote: Tue Sep 14, 2021 5:17 pm
Even if they do go into liquidation the value of the USD and HKD bonds it has outstanding is only around 21 Billion & and they trade at approx 0.25c to the USD so even in event of a full default the hit to investors would be less than 5.2 Billion
I think your 5.2 billion should be 15.6 billion because at 25c to the dollar 75% of value was lost, not 25%.

If they default the value will drop even more, to just a few cents, maybe less. AFAIK these bonds are subordinated bonds so the chance of regaining anything after a default are extremely small.
The 75% drawdown has already taken place, so that money is gone

In the event of liquidation there would only remain around 25% open interest or so remaining to be lost, if that future event were to come about
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Re: The Beginning of China’s Economic Collapse?

Post by armchairlawyer »

I like this video from Real Vision featuring Darius Dale. Worth wartcing it all but the essence concerning Evergrande begins at 07:00.

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Re: The Beginning of China’s Economic Collapse?

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clutchcargo
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Re: The Beginning of China’s Economic Collapse?

Post by clutchcargo »

So the PRC bailed out Evergrande saving them from bankruptcy and propping them up..

Image
Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province.

If this is the sort of thing they're building, good luck to them. 'Life in Venice' :lol: fugly cookie cutter condos. :facepalm: :wtf: :no:
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