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Chinese real estate group Evergrande's $300 Billion debt share could cause global economic collapse Reader 10/12/2021 (Tue) 22:56:33 Id: 4dd5c0 [Preview] No. 17841
>Shares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns that it will default on parts of its massive $300bn debt pile.

>Evergrande, which is one of the world’s most indebted companies, has seen its shares tumble 75% this year. They fell by almost 10% on Thursday morning before recovering on reports that the authorities may allow the company to reset its debt terms.

>Shares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns that it will default on parts of its massive $300bn debt pile.


Reader 10/12/2021 (Tue) 23:00:42 Id: 4dd5c0 [Preview] No.17842 del
>>17841
>Evergrande, which is one of the world’s most indebted companies, has seen its shares tumble 75% this year. They fell by almost 10% on Thursday morning before recovering on reports that the authorities may allow the company to reset its debt terms.


>Trading in one of the company’s bonds was suspended by the Shenzhen stock exchange after the price dropped 20%. After resuming trade, Evergrande’s January 2023 bond fell more than 30%, triggering a second trading freeze.


>Chinese officials are expected to stem the spillover from liquidity issues at Evergrande, the country's largest property developer, before it slams the banking system and bleeds into foreign financial centers.

>But strategists also say Beijing needs to act quickly to restructure Evergrande, because markets are becoming nervous and it is hurting sentiment.

>The problems at the property developer could damage China's economy and from there also dent the world economy.


Reader 10/12/2021 (Tue) 23:05:22 Id: 7ba2a2 [Preview] No.17843 del
>>17841
>>17842
TL:DR: Chinese real estate group is too deep in debt and can't pay it off. This may have external effect on other nations


Reader 10/13/2021 (Wed) 09:48:53 Id: f33b36 [Preview] No.17845 del
That's more billions in debt than Jeff Bezos's net worth. So much for Chinese "Communism" trying to apply Marxist corrupted Socialism which Karl never invented but stole the concept. It ends up not being Socialism at all, but extreme Capitalism. Of course the wise know you can't apply Marxist doctrine without 1984 consequences. Fools cling to it anyway. The majority of retail items in the United States are "Made in China". If China collapses, the U.S. collapses. When starvation hits after hyperinflation and kikes in authority and media positions start fleeing the nation, we'd better rise before Bolshevism and Holodomor is repeated.



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