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I hope you sold your Evergrande stock...
Posted by: freeradical
Date: September 22, 2021 12:19AM
Too big to fail, or will they get bailed out?




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Re: I hope you sold your Evergrande stock...
Posted by: Speedy
Date: September 22, 2021 01:52AM
Evergrande is not the problem, it is a symptom of a much larger property speculation problem in China which will have to sort itself out at the cost of the lifetime assets of many, many families who cannot afford to lose their investments but will.



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Re: I hope you sold your Evergrande stock...
Posted by: Ken Sp.
Date: September 22, 2021 07:28AM
I was visiting China in May 2016, and the over build of real estate was already very apparent. There were huge skyscrapers of apartments in many towns they were completely empty. This has been a long time coming, and it was pretty obvious.
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Re: I hope you sold your Evergrande stock...
Posted by: ztirffritz
Date: September 22, 2021 09:56AM
There are entire cities that have been built with no residents. They have roads, sewage, power...but no citizens. They're ghost cities.

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Edited 1 time(s). Last edit at 09/22/2021 09:58AM by ztirffritz.
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Re: I hope you sold your Evergrande stock...
Posted by: Filliam H. Muffman
Date: September 22, 2021 11:37AM
Fifteen uncompleted apartment buildings demolished after construction was stalled for years. Supposedly long term water damage ruined them.





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Re: I hope you sold your Evergrande stock...
Posted by: sekker
Date: September 22, 2021 04:13PM
Before you declare China's strategy wrong, keep in mind there are hundreds of successes for every negative you cite. The scale of change in a country of over 1 billion people is really hard for most to grasp.

At the same time, the size and scope of the Evergrande crash seems like a bubble bursting moment. We will see whether China just lets the conglomerate fail as an example to others.
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