Article

Rantburg

Today's Front Page

View All of Wed 05/28/2025

View Tue 05/27/2025

View Mon 05/26/2025

View Sun 05/25/2025

View Sat 05/24/2025

View Fri 05/23/2025

View Thu 05/22/2025

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|| [11136 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

09:43 Mullah Richard
09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker