Posted on 11/26/2023 1:23:14 PM PST by davikkm
Amidst the deflation of the Chinese bubble gaining momentum, Beijing is responding with increasing desperation, resorting to extreme measures to salvage the nation’s financial stability.
The property market is at the epicenter of the storm, with policymakers applying unprecedented pressure on banks to address a monumental $446 billion funding shortfall. This funding is urgently needed to stabilize the industry and complete millions of unfinished apartments. A draft list of eligible developers, including industry giants like Country Garden Holdings Co. and Sino-Ocean Group, reveals a strategic pivot to aid some of the most distressed builders.
However, the challenges are far-reaching, encompassing millions of homes sold but left unfinished. More property developers defaulting on debt adds to construction delays and stalls residential projects, triggering a vicious circle of diminishing confidence in the housing market. Analysts estimate around 20 million units of uncompleted and delayed presold homes across China, necessitating over $440 billion to finish these homes.
(Excerpt) Read more at citizenwatchreport.com ...
Those look like rat feces infested, high rise death traps to me.
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No problem as there are no entrances either. They will be blown up as soon as the local Party officials need more money to lease to corporations to build more buildings like them. It about money, not living spaces.
I agree with you. All those who dance because of the Chinese misfortune should remember that each action causes a reaction. It might be better for us, or it might be a whole lot worse.
“They’re so broke they can’t even afford internet trolls anymore!”
If they are broke what are we with $32 trillion in debt and budget deficits of more than one trillion each year?
Let’s get ready to RUMMMBLLLLE.
I think I have an idea where we can deport the illegals...
Problem is, will we collapse first? Remember, we’re now ruled by Democrats. There existeth not in the multiverse a less talented, more corrupt, loathsome, and deserving of a very long painful death than those slithering around the swamp today.
My heart bleeds pure p*ss.
Like Hitler, broke often turns to a big war to distract and pull the people together.
I don’t expect a revolution in China until about four years from now.
The sooner China goes back to being 1959 again the better off every country will be.
Homes for Palestinian “refugees”?
A book by Jeffrey Archer was called Shall We Tell The President?
Aides may be wondering if the financial crisis in China is cause to wake Joe up from his early evening 4 hour nap. He gets cranky as night sets in so maybe not.
A book by Jeffrey Archer was called Shall We Tell The President?
Aides may be wondering if the financial crisis in China is cause to wake Joe up from his early evening 4 hour nap. He gets cranky as night sets in so maybe not.
Aw, they do know capitalist system pretty well. It’s just the cream-of-the-crop CCP members can make any use of it. It’s because they know slavery even better than the aforementioned capitalism. Long-going tradition .
Let’s help them out by stopping all commerce from China.
With note pinned to their raincoat: “Please Look After This Illegal Alien. Thank You.”
Nod to Paddington Bear.
https://www.paddington.com/us/heritage/the-bears/
p
.
A couple of American expats in China spent time making videos of the bleaker side of China, until the CCP tossed them out.
China’s Ghost Cities
https://m.youtube.com/watch?v=wJ8JBTIVUVw&pp=ygUXU2VycGFudHphIGdob3N0IGNpdGllcyA%3D
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