Evergrande just defaulted. Let the show begin.🥳 - The Great Awakening

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Evergrande just defaulted. Let the show begin.🥳 (media.greatawakening.win)

posted 2 years ago by penisse 2 years ago by penisse +579 / -0

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– Mister_Winston 4 points 2 years ago +4 / -0

What's more important is that China's entire sector of property investment firms has been defaulting for the past several months. During that time, Evergrande has barely made last minute payments by scraping together money using CCP bailouts, fire sales of their own assets, and the CEO's personal wealth. Evergrande itself will make a big splash when it comes down, but that entire industry collapsing could bring down the CCP.

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