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.
A storm you say...
“Possible” kek
Likening rough times to storms did not start with Q, but so many on this site think he coined the phrase.
Literally nobody said that.
Usually they're just pointing out correlations...
Probably started with Beowulf or Gilgamesh. Literally thousands of years before Q was a thing. Nobody at all would ever believe Q coined this phrase. No, not even one.
I been sailing through this storm for awhile, becoming a skilled sailor! ''The best way out is always through'' -Robert Frost
I think we're gonna need a bigger boat. We're taking on more frens!
Kek!
Interdasting choice of words...
I am quite unfamiliar with this so my question may be ridiculed. I know that C has been buying up swaths of land in this country, is this the company? If so, can we buy that land back? Unfortunately, we would be helping C but ultimately taking back our land.
If someone would clarify I would appreciate it.
Read Executive Order 13848.
You mean the EO that was just extended for another year by Biden? Who’s really in charge?
Exactly
There was a time in the not so distant past when our farm economy was not doing so well and wealthy Japanese investors were buying up farmland at premium prices. There was a hue and cry in our country about how the Japanese were going to own America. In a few years, Japan’s economy slowed down and farmland started coming on the market. In a relatively short time those supposedly unsophisticated farmers who sold at a premium were buying back their farms at a discount. The lesson in this story is that a foreign investor can’t take the land home with him and that having money to buy the land doesn’t vest him with the knowledge to make that farm pay. (Farming isn’t easy and successful farmers aren’t dumb hicks just waiting to be taken advantage of by slick investors.)
Some of the most astute people I have ever met were farmers. They know more about politics and what's going on than most people do.
One of the most profound things I’ve ever heard a teacher say is; “education begins in the garden.”
The Japanese also bought a scotch distillery.
I think Smarter everyday on YouTube did a bunch of content on farmers. It was pretty eye opening to see how much science know how goes into running a farm. It's not just the hot girls driving ai controlled farm equipment for tick tocks on there.
If they default and cannot pay the county taxes on the land, the county will sell the land for back taxes. Find out where they bought land and watch for the county tax sales.
I wonder if anyone on here is aware of a site that may have kept a record. I would have my checkbook out (no that there's much in it) and ready to write just to get the land out of their filthy mitts.
We will nationalize it partial payment for their bioweapon attack on us
“But but but how is China going to own us or call in our debt if that happens?”
—Typical Liberal College Student.
I am loving this. FUCK THE NEW WORLD ORDER.
China Injects $18.6 Billion Into Banking System During Evergrande Crisis
https://archive.is/a4PTF
https://www.bloomberg.com/news/articles/2021-09-22/china-maintains-liquidity-support-amid-evergrande-s-debt-crisis
Evergrande Borrowed From Everyone
https://archive.is/oYg7Z
https://www.bloomberg.com/opinion/articles/2021-09-21/evergrande-borrowed-from-everyone
Imminent China Evergrande deal will see CCP take control
https://asiamarkets.com/imminent-china-evergrande-deal-will-see-ccp-take-control/
(Sep-8) Evergrande Collapsing, China's Lehman Brothers Moment. A Case Study in Real Estate Stupidity.
https://www.youtube.com/watch?v=a2SnFA748Do
(Sep-8) Evergrande Dollar Bonds Fall
https://www.youtube.com/watch?v=O6r--blliqQ
Per Miles Gao: https://gettr.com/user/miles
9/21/2021 Miles Guo: The CCP’s investment in Hong Kong has suffered huge losses in the past year, while many funds are pulling their investment out of HK. The collapse of Evergrande will be followed by the bankruptcy of the Minsheng Bank. The CCP’s local government’s bonds and insurance companies are in deep trouble, and its default on the long-term debts with the West is around the corner. So, Japan, Germany, and even the entire world’s economy are about to crash at any moment!
California pensions tied to the bank that builds empty cities in china?
Wen moon
18.6 billion is pennies.
I am glad China is getting ready for the storm.
So we'll be bailing them out soon?
Quit buying Chinese junk