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Thread: Is China about to have its own ‘Lehman Brothers’ moment?

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    Post Is China about to have its own ‘Lehman Brothers’ moment?

    Is China about to have its own ‘Lehman Brothers’ moment?

    Evergrande -- one of China’s largest property developers -- is sitting on a $300B debt bomb that could severely hamper the economy.


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    Just over 13 years ago, US investment bank Lehman Brothers declared bankruptcy, sending global markets into a tailspin.
    Now, a similar problem is brewing in China. One of the country’s largest real estate firms, Evergrande, is on the brink of collapse.
    A sinking ship

    According to The Guardian, the property developer is weighed down by $300B+ in debt as China’s housing market slows (in August, national home sales were down ~20% YoY). The real estate sector is 25% of China’s economy and has benefited greatly from China’s debt-fueled boom in the past few decades.


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    https://thehustle.co/09212021-china-economy/
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  2. The Following 3 Users Say Thank You to DGUtley For This Useful Post:

    carolina73 (09-21-2021),Mister D (09-21-2021),MMC (09-22-2021)

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    Just heard about this tonight on EWTN news. Thanks for posting.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


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    I know in our area the Chinese have bought a lot of properties. Some of these companies have failed over the last 10 years, especially over COVID.
    It would not surprise me to find out that Evergrande had some assets in the US and some US companies invested in them.

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    The financial bubble in China is much bigger that that of the US in 2008.
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    Yep heard about this.....Chi-na is teetering. But will the Chi Coms save the day?
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Quote Originally Posted by MMC View Post
    Yep heard about this.....Chi-na is teetering. But will the Chi Coms save the day?
    They can only prop up the economy for so long.
    ΜOΛΩΝ ΛΑΒΕ


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    The Chinese Communist Party has these threats to its power.

    1. Demographic Collapse
    2. Water Issues
    3. HOUSING MARKET CRISIS
    4. Occupied territories like Hong Kong, Tibet, East Turkestan and Manchuria are on verge of revolt
    "Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales

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    Quote Originally Posted by Admiral Ackbar View Post
    The Chinese Communist Party has these threats to its power.

    1. Demographic Collapse
    2. Water Issues
    3. HOUSING MARKET CRISIS
    4. Occupied territories like Hong Kong, Tibet, East Turkestan and Manchuria are on verge of revolt
    And internal dissent from the poorer parts of the country.
    ΜOΛΩΝ ΛΑΒΕ


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