Chinese authorities are asking local governments to prepare for the potential downfall of debt-ridden China Evergrande Group, The Wall Street Journal reported on Thursday, citing officials familiar with the discussions.
The move has been characterized as “getting ready for the possible storm” by the officials, according to the report.
The officials said local-level government agencies and state-owned enterprises have been instructed to step in only at the last minute should Evergrande fail to manage its affairs in an orderly fashion, the WSJ reported.
Local governments have been tasked with preventing unrest and mitigating the ripple effect on home buyers and the broader economy, the officials said, according to the report.
Evergrande, China’s second-biggest property developer, has $83.5 million in dollar-bond interest payments due on Thursday on a $2 billion offshore bond and a $$47.5 million-bond interest payment due next week.
Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates.
The company, which epitomized the borrow-to-build business model, ran into trouble over the past few months as Beijing tightened rules in its property sector to rein back debt levels and speculation.
Investors are worried that a downfall could spread to creditors including banks in China and abroad.
https://www.japantimes.co.jp/news/2021/09/23/business/evergrande-downfall-preparations/
You know I have a feeling, "watch the waters" may mean watch overseas as in International. The storm might start overseas.
This movement, This Great Awakening is not just some local/national politics thingy.
It is and will be The Great Global Awakening - undeniable International Truth, that no MSM or Big Tech can suppress.
Ever grande + three gorges dam
At first I thought that said Evergreen and wondered what HRC had to do with it!
Or watch the “ripple effect”
Hell yes. Every other time someone has been certain of the meaning of “watch the waters” has been bullshit up until now. This one is the real deal. And “getting ready for the possible storm”?!? “Storm” is never used metaphorically like this, so it must be Q related.
NCSWIC!!
u/#Lightning
How do I get this gif?
u /#Lightning
Remove the space after the u.
Right click -> inspect element -> ctrl + shift + c -> click the gif -> expand the <p> element -> check the 'href' tag on the <a> element
Then take that value and just drop it in your post/comment :)
I used to have a comprehensive list, but the list was posted by evspra so the posts are deleted now (i shouldve archived)
My favorite one is (u / # Catdance) (no spaces) u/#Catdance
Sidebar has a link if you mean posting them on here. Includes how to add drops in your comment as well.
Imma be dancing that rain, watching the water wash away the corruption.