to overseas bondholders, raising the prospect that October could bring one of the largest defaults in years.in response.
Beijing has signaled it is preparing to cushion the blow to national interests. That could include potential aid to Chinese investors, banks, Evergrande’s suppliers and home buyers who committed financially to homes that have yet to be completed.
Defaulting? So this China get any benefits from building materials used, also from employing thousands of laborers during all these constructions (?) ?
😂It will just make china make more slave camps so Americans can get cheap junk.
pdacosta For another point of comparison, it is about 100 times the square footage of commercial real estate that's under construction in Toronto right now
Bitcoin fixes this...
Little people ready to lose big. Tax the rich&Corp!
And it’s teetering on the edge of bankruptcy
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