[Texas Eagle]

Sum Ting Wong.

[WatchungEagle]

If America’s leaders were smart, they would be doing the same thing, forcing oligarchs to invest domestically.

[TigerLikesRooster]

Some claim that borrowing money from Chinese banks to acquire foreign companies and selling off their business in China is Chinese tycoon's way to transfer their wealth from China to safe havens overseas.

In Massive $9.3B Deal, Wanda Selling Hotels & Theme Parks To China’s Sunac As It Beats Retreat From Disney Rivalry

In what is thought to be the Middle Kingdom’s second-largest property deal ever, Wang Jianlin’s Dalian Wanda Group said today it is selling 76 hotels and 91% of 13 tourism projects to developer Sunac China for $9.3B. While Wanda did not give a reason for the sale, Wang told Chinese financial daily Caixin that funds will be used to reimburse most of Wanda’s bank loans, resulting in an “asset-light” operation. Wanda Hotel Development shares rose as much as 150% on the news.

[Yaelle]

Reminds me of the wealthy South Africans who were not allowed to leave. They could travel, but they couldn’t get their $ out. The Swiss company I worked for was bought by one of the richest South Africans so I got exposed to this,

[samtheman]

The formula that works so well in China for a select few:

Parlay influence into huge loans from public banks, use the money for development projects. Don’t pay the money back.

[Bobalu]

The entire world is in extreme financial danger.

Donald Trump is in office to oversee the bankruptcy of the United States.

Everything was against him becoming president, it took some sort of a miracle.

Trump is the perfect man to get us through the coming financial disaster.

It’s coming! Get out of fiat assets... hold silver if possible, pay off debts, buy real goods and hold them.

Have some cash for the short period of time it will still be accepted after the banks shut down.

Avoid large cities.

Dear God, I sure as hell hope I am wrong!

But just look at all that massive debt that CANNOT be repaid under ANY reasonable scenario...look at the enormous goofy pile of derivatives!? the dominoes will start to fall.

[Wuli]

“through political connections and heavy borrowing from state-owned banks”

As if in the state-capitalist nation of China there are no strings attached to the party and state backing? Of course he understood he owed his “private” enterprise TO THE STATE and it’s one party. He just never knew how or when the bill would come due.