Evergrande: The Beginning of China’s Economic Collapse?
- siliconlife
- Expatriate
- Posts: 901
- Joined: Thu May 29, 2014 6:29 pm
- Reputation: 542
Re: The Beginning of China’s Economic Collapse?
Yes, but that is not equivalent to "the beginning of China's economic collapse".Kammekor wrote: ↑Sat Sep 11, 2021 6:57 pmWith the current bubble in the market (well, in every market...) a domestic Chinese problem might have a worldwide fallout.Anchor Moy wrote: ↑Sat Sep 11, 2021 6:10 pm
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.
- hanno
- Expatriate
- Posts: 6774
- Joined: Fri May 16, 2014 12:37 pm
- Reputation: 3142
- Location: Phnom Penh
- Contact:
Re: The Beginning of China’s Economic Collapse?
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.
Re: The Beginning of China’s Economic Collapse?
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.
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.
Re: The Beginning of China’s Economic Collapse?
Crackdown on LGBT
Crackdown on Tech companies
Crackdown on rich people
Crackdown on Tech companies
Crackdown on rich people
-
- Expatriate
- Posts: 776
- Joined: Mon Oct 09, 2017 11:56 pm
- Reputation: 570
Re: The Beginning of China’s Economic Collapse?
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.Anchor Moy wrote: ↑Sat Sep 11, 2021 6:10 pm
Be careful what you wish for. The economy is global these days.
-
- Expatriate
- Posts: 1178
- Joined: Sun Nov 01, 2020 9:36 am
- Reputation: 513
- Jerry Atrick
- Expatriate
- Posts: 5408
- Joined: Sat May 17, 2014 4:19 pm
- Reputation: 3037
Re: The Beginning of China’s Economic Collapse?
The 75% drawdown has already taken place, so that money is goneKammekor wrote: ↑Tue Sep 14, 2021 7:18 pmI think your 5.2 billion should be 15.6 billion because at 25c to the dollar 75% of value was lost, not 25%.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
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.
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
- armchairlawyer
- Expatriate
- Posts: 2490
- Joined: Sat Aug 29, 2015 1:43 pm
- Reputation: 1503
Re: The Beginning of China’s Economic Collapse?
I like this video from Real Vision featuring Darius Dale. Worth wartcing it all but the essence concerning Evergrande begins at 07:00.
-
- Expatriate
- Posts: 1178
- Joined: Sun Nov 01, 2020 9:36 am
- Reputation: 513
- Clutch Cargo
- Expatriate
- Posts: 7740
- Joined: Mon Mar 26, 2018 3:09 pm
- Reputation: 5999
Re: The Beginning of China’s Economic Collapse?
So the PRC bailed out Evergrande saving them from bankruptcy and propping them up..
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' fugly cookie cutter condos.
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' fugly cookie cutter condos.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 21 Replies
- 7104 Views
-
Last post by Jack.R.
-
- 2 Replies
- 526 Views
-
Last post by newkidontheblock
-
- 0 Replies
- 1456 Views
-
Last post by CEOCambodiaNews
-
- 4 Replies
- 2023 Views
-
Last post by CEOCambodiaNews
-
- 11 Replies
- 2887 Views
-
Last post by samrong01
-
- 2 Replies
- 935 Views
-
Last post by CEOCambodiaNews
Who is online
Users browsing this forum: No registered users and 109 guests