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China-Japan-Koreas
Chinese property giant Evergrande defaults on $300billion debt: Beijing prepares 'controlled demolition' of the firm to protect its economy amid fears it could have global consequences
2021-12-10
[Daily Mail, where America gets its news]
  • Chinese property giant Evergrande has defaulted on $1.2billion in bond debt

  • It marks the first time the firm has defaulted on debts totalling some $300billion

  • Evergrande ran into trouble amid Chinese crackdown on property speculation

  • There are fears that Evergrande could have knock-on effect on global economy
Posted by:Skidmark

#3  BlackRock, HSBC Among Largest Buyers of Evergrande Debt: Morningstar. Reuters. Sept. 22, 2021.
Posted by: Bertie Crains2651   2021-12-10 08:46  

#2  
If memory serves me .... I remember reading somewhere that to operate a business in China,
The State (CCP) must own 51%.

Posted by: NN2N1   2021-12-10 07:16  

#1  If history rhymes then a common practice with a failing economy is to start a war.
Posted by: BrerRabbit   2021-12-10 06:39  

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