Rantburg

Today's Front Page   View All of Wed 05/22/2024 View Tue 05/21/2024 View Mon 05/20/2024 View Sun 05/19/2024 View Sat 05/18/2024 View Fri 05/17/2024 View Thu 05/16/2024
2021-12-10 China-Japan-Koreas
Chinese property giant Evergrande defaults on $300billion debt: Beijing prepares 'controlled demolition' of the firm to protect its economy amid fears it could have global consequences
[Daily Mail, where America gets its news]
  • Chinese property giant Evergrande has defaulted on $1.2billion in bond debt

  • It marks the first time the firm has defaulted on debts totalling some $300billion

  • Evergrande ran into trouble amid Chinese crackdown on property speculation

  • There are fears that Evergrande could have knock-on effect on global economy
Posted by Skidmark 2021-12-10 00:00|| || Front Page|| [14 views ]  Top
 File under: Commies 

#1 If history rhymes then a common practice with a failing economy is to start a war.
Posted by BrerRabbit 2021-12-10 06:39||   2021-12-10 06:39|| Front Page Top

#2 
If memory serves me .... I remember reading somewhere that to operate a business in China,
The State (CCP) must own 51%.

Posted by NN2N1 2021-12-10 07:16||   2021-12-10 07:16|| Front Page Top

#3 BlackRock, HSBC Among Largest Buyers of Evergrande Debt: Morningstar. Reuters. Sept. 22, 2021.
Posted by Bertie Crains2651 2021-12-10 08:46||   2021-12-10 08:46|| Front Page Top

00:41 Grom the reflective
00:38 Raj
00:37 Raj
00:30 Beldar+Uneter3543
00:24 Beldar+Uneter3543
00:13 Raj
00:07 Lord Garth









Paypal:
Google
Search WWW Search rantburg.com