Article

2021-10-11 China-Japan-Koreas

Beyond Evergrande, China's property market faces a $5 trillion reckoning

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Posted by Besoeker 2021-10-11 06:24|| || Front Page|| [8 views ] Top
File under: Commies

#1 So where'd all the money go, then? The executives just steal it?

Posted by Omomolet Phutch9064 2021-10-11 10:06|| 2021-10-11 10:06|| Front Page Top

#2
#1 So where'd all the money go, then? The executives just steal it?
Posted by: Omomolet Phutch9064 2021-10-11 10:06

...That and/or the Party and Army are getting their cuts.

Mike

Posted by Mike Kozlowski 2021-10-11 10:43|| 2021-10-11 10:43|| Front Page Top

#3 In China, the Party and PLA are "the Big Guy"

Posted by Procopius2k 2021-10-11 11:09|| 2021-10-11 11:09|| Front Page Top

#4 So where'd all the money go, then? The executives just steal it?

Same place it went in all other bubbles - into the pockets of people who would not have been hired had the bubbles not existed, in the forms of salaries disbursed. Housing, raw materials, luxury goods - all are sectors inflated by the leverage-induced bubble blown by an absolute monarchy in egalitarian garb that will not tolerate any backtalk.

Posted by Zhang Fei 2021-10-11 15:01|| 2021-10-11 15:01|| Front Page Top

#5 So where'd all the money go, then?
Most of it was just imaginary anyway, same as everywhere. The connected get theirs back, the suckers get hit.

Posted by Glenmore 2021-10-11 15:32|| 2021-10-11 15:32|| Front Page Top

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