China's property crisis deepens as another huge developer risks default | CNN Business
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Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

  • VolatileExhaustPipe@lemmygrad.ml
    1434·
    11 months ago

    https://trends.google.com/trends/explore?date=all&q=china crisis

    Seems China is always in Crisis according to Western news. The consequences seem to not be there though.

    Instead wages increased threefold within ten years. It is funny that the Isle of Man got the most searches for “china crisis”, I would guess cause it is a tax haven and therefore sensitive to such “news”?

    Without joking, China did manage to succeed through ten crisis and you can read Wen Tiejun’s book about it

    • Prandom_returns@lemm.ee
      238·
      11 months ago

      Today: a weatern basement-dweller furiously defends a murderous authoritarian regime, while eating a burger and shit-posting on the world-wide(almost)-web.

      In other news, there’s water in the ocean.

      • MicroWave@lemmy.worldOP
        223·
        11 months ago

        They’re posting from lemmygrad.ml, so that should give you an idea.

        The article literally quotes Chinese state media’s report on the matter.

      • VolatileExhaustPipe@lemmygrad.ml
        417·
        11 months ago

        Touch grass, you project stronger than the Leica Cine 1. If the admins would do your job your comment would be deleted already. Click my link, does that look like there are often news about crisis that don’t come to fruition? Sure does. Do you disagree with the book you can receive from Springer Link?

        While property dealings can have effects (look at my link at see at 2008/9 how impactful the financial crisis from the US was even for China), the article doesn’t manage to break beyond the general sentiment. Articles like that are often followed by high noise low signal comments which mirror sentiment of the user base, in this case mostly US dwellers that are underemployed. So a bit Sinophobia is expected, likely with topics related to property, so “Ghost cities”, “expropriations”, “shady construction” while using standards the people don’t actually hold up in regards to their own countries.

        • Prandom_returns@lemm.ee
          112·
          11 months ago
          1. I’m not clicking any link that comes from a lemmygrad.ml user, lol. It’s like licking a handrail in a metro station.
          2. This is not hexbear, nor lemmygrad, people are alowed to laugh at tankies.
          3. Become a journalist and write an article in CNN, maybe I’ll read it then. Until then, I’m not interested in lemmygrad blabberings.
        • Prandom_returns@lemm.ee
          121·
          11 months ago

          What is it with lemmygrad weirdos and telling people to go touch stuff? Lemmy isn’t the authoritarian, murderous regime of china, I’m free to do as I please.

    • jumperalex@lemmy.world
      2·
      11 months ago

      Their population demographics are a problem that is going to be much harder to manage. If they succeed, good on them for figuring it out. But they’ve managed because they’ve had fresh population to feed into their economy. That is NOT going to happen going forward. So they better change their strategy.

      Honestly, I hope they do for the sake of the human beings living on that piece of earth currently ruled by the CCP. I actually wish them no ill will and the rest of the world is likely to suffer if china has a full on collapse.

      And yet still, fuck the CCP.