A comment I saw on pol about the supposed default:
Here is a list with names you will hear very often the next days:
Country Garden
Poly Real Estate Group
Evergrande
Vanke
Sunac China Holdings
Longfor Properties
Seazen Holdings
China Resources Land
China Overseas Land & Investment Ltd.
R&F Group
All of them are going to default, all of them are hiding humongous ammounts of bad debt.
You think the 130% dept to GDP ratio of the US is bad?
Whait untill they tell you that China is actually indebted with 2400% GDP and that is not a typo!
This is Japan 1991 all over again.
A comment I saw on pol about the supposed default:
Here is a list with names you will hear very often the next days:
All of them are going to default, all of them are hiding humongous ammounts of bad debt. You think the 130% dept to GDP ratio of the US is bad? Whait untill they tell you that China is actually indebted with 2400% GDP and that is not a typo! This is Japan 1991 all over again.