Article

2023-08-18 China-Japan-Koreas

China property giant Evergrande files for bankruptcy

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Posted by Fred 2023-08-18 00:00|| || Front Page|| [20 views ] Top
File under: Commies

#1 China Suffers Biggest FX Outflow Since July 2022

Posted by Skidmark 2023-08-18 06:55|| 2023-08-18 06:55|| Front Page Top

#2 Does the above grim description of China's economic, and thus social, crisis argue for XI to act on Taiwan. Classic external distraction, Wag the Dog, Patriotic War, main enemy led by Biden is feckless and weak, US is in huge social deterioration, US/NATO hugely compromised logistically by Ukraine miasma, never going to be a better time?

Posted by NoMoreBS 2023-08-18 11:26|| 2023-08-18 11:26|| Front Page Top

#3 Lost your money betting on a Chinese company? Gosh, that's too bad.

Posted by Zorba Tholugum4787 2023-08-18 12:43|| 2023-08-18 12:43|| Front Page Top

#4 And yet China keeps purchasing property in the US, coincidentally near US Military facilities...

Posted by Frank G 2023-08-18 12:47|| 2023-08-18 12:47|| Front Page Top

#5 An interesting (to me, at least) question will be the extent to which creditors of Evergrande can use the Chapter 15 proceeding to investigate Evergrande's financial dealings. For example, can a creditor ask whether any money that would otherwise be available to pay the creditor was transferred to Emperor Xi and his boys. That would be a no-brainer in a regular US Chapter 11, but Chapter 15 has some "play nice with the other guys" wrinkles to it.

Posted by Matt 2023-08-18 14:13|| 2023-08-18 14:13|| Front Page Top

#6 ^ Guessing that fine print ain't pretty...

Posted by M. Murcek 2023-08-18 14:34|| 2023-08-18 14:34|| Front Page Top

#7 Another way to put it is: Can you take discovery from a guy who has nuclear weapons?

Posted by Matt 2023-08-18 15:11|| 2023-08-18 15:11|| Front Page Top

#8 So, like, are the Chinese selling US Treasuries because the US is more of an adversary or do they need the dough?

They are probably not too keen on the US Fed raising interest rates, either....all that property and all that debt.

Posted by DooDahMan 2023-08-18 18:18|| 2023-08-18 18:18|| Front Page Top

23:19 Skidmark
22:12 Thravimble Clutch8220
22:06 Jeremiah Jomosing7109
22:00 magpie
21:57 Super Hose
21:39 M. Murcek
21:38 Thravimble Clutch8220
21:26 trailing wife
21:25 Frank G
21:15 Nero
21:04 Super Hose
20:58 Skidmark
20:52 Skidmark
20:52 Skidmark
20:49 Super Hose
20:03 Thravimble Clutch8220
19:42 M. Murcek
19:39 ed in texas
19:36 Canuckistan sniper
19:36 ed in texas
19:35 Canuckistan sniper
18:45 Frank G
18:18 DooDahMan
18:18 Super Hose