Western media outlets have absurdly claimed China's economy is collapsing, due to a crisis in the real estate sector. But in reality, this is part of an inte...
Evergrande fail to pay their bondholders due to insolvency
The people are already housed, China has 90% outright house ownership (UK has about 30-40% btw) whats happening here is that its peoples second/third homes that they planned on handing off to either family or built for projected population growth that turns out has slown down a little.
They literally have too many houses. I know what issue id rather be having.
Yes, when Evergrande fail to pay their bondholders due to insolvency it’s actually a 4d chess move to house the people.
The people are already housed, China has 90% outright house ownership (UK has about 30-40% btw) whats happening here is that its peoples second/third homes that they planned on handing off to either family or built for projected population growth that turns out has slown down a little.
They literally have too many houses. I know what issue id rather be having.
90% ownership is impressive.
The topic is literally covered and explained like 3-4 minutes into the linked video.
oh the poor bondholders 😭
They gambled and they lost. Should the state bail them out for making bad investments? What are you, some kind of communist?