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To: SeekAndFind

https://archive.is/Foxak#selection-1395.0-1412.0

Sorry...I led you to the wrong link.

ARTICLE TITLE

Shocked: Who is the first to detonate the 76 real estate companies who have to pay 2.5 trillion debts within a year?


24 posted on 09/28/2020 9:54:44 PM PDT by dp0622 (I DON'T KNOW WHAT TO DO ABO UT THE COVID GODFATHER, I DON'T KNOW WHAT TO DO. YOU CAN ACT LIKE A MAN!)
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To: dp0622
It says in that Chinese website ( translated to English ): Four companies have more than 100 billion yuan in interest-bearing liabilities due within one year. Evergrande, Sunac, Greenland, and Country Garden amount to 395.7 billion ( $56 Billion), 140.6 billion ($20 billion ), 121.4 billion ($17 Billion) , and 105.8 billion ($15 Billion ), respectively. There are 6 companies with interest-bearing liabilities exceeding 50 billion-100 billion yuan due within one year, namely Vanke, China, R&F, Tahoe, China Merchants, and Poly.


Yes, these are large sums, but not impossible for the government of China to bail out ( just like the Feds did with our banks and mortgage companies during the 2008 financial crisis ).
26 posted on 09/28/2020 10:00:56 PM PDT by SeekAndFind
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