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Second China property developer in trouble


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HOLA441
11 minutes ago, shlomo said:

Probably invade Taiwan to take the attention of it

mmm interesting. that would wreck China's economy and I would guess cause huge damage to the rest of the global economy, assuming it leads to serious reduction in China/West trade.

But could happen I guess. The democratic allies concerned with the pacific are ramping up preparedness very rapidly indeed.

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HOLA443
On 05/10/2021 at 08:02, dpg50000 said:

Thanks for the link. Wonder if they'll be able to contain this in China, or if it is the start of more serious problems? They do seem to have a few dominoes falling over there.

CCP contained Tiananmen Square.  They'll contain this. 

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HOLA444
2 hours ago, Jolly Roger said:

What's the global outlook for an implosion of China's property market and its knock on effects for Chinese GDP?

You wont have a clue.

All Chinese economic nubmers are either made up or a state secret.

Its pointless trying to work out whats happening.

Chinas no longer cheap to make stuff, exports are hammered as the West will no longer be gamed by China.

At some point therer'll be another revolution and the CCP heads will end up on sticks.

 

 

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2 hours ago, steve99 said:

Tiger cages?

Tiger farm. Bred for their skin, teeth, penises etc. Until corona CCP had an active policy of encouraging wild animal farming for food and Chinese medicine. 

Trouble with farming women is that it takes them out the workforce though. Those dexterous little fingers so valuable for electronics manufacturing. I’m sure they’ll find a way to ensure compliance and motivation. 

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On 10/10/2021 at 17:35, dryrot said:

Catastrophe - https://www.zerohedge.com/markets/catastrophic-property-sales-mean-chinas-worst-case-scenario-now-play 

(But its ZH, so every outcome is disastrous!)

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With that preamble in mind, we bring readers’ attention to a little noticed report in Shanghai Securities News, citing China Real Estate Information Corp. research (link), which revealed that more than 90% of China’s top 100 property developers’ sales declined in September by an average of 36% from the same period last year.


Not sure how trustworthy that "research" is but a 36% YoY drop is a fair bit.

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HOLA448
On 10/10/2021 at 18:16, spyguy said:

You wont have a clue.

All Chinese economic nubmers are either made up or a state secret.

Its pointless trying to work out whats happening.

Chinas no longer cheap to make stuff, exports are hammered as the West will no longer be gamed by China.

At some point therer'll be another revolution and the CCP heads will end up on sticks.

 

 

Fyi, if you take the official Chinese GDP growth numbers from post WW2, the GDP would be twice the current reported size

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HOLA449
7 hours ago, Freki said:

Fyi, if you take the official Chinese GDP growth numbers from post WW2, the GDP would be twice the current reported size

Economic ******** with Chinese characteristics ...

Mind you, they are very similar to the the HPI numbers out out by NW/Halifax ....

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2 hours ago, Drat said:

I was out in China regularly in in the early 2010's, when you get suited men running up to cars stopped at traffic lights, with brochures for apartments to buy in new build blocks, you know something isn't quite right.

Reminds me of time-share salespeople in Spanish resorts...

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HOLA4414

Greater detail here..

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Chinese flat buyer wants to sell her bare shell ghost city flat ...."even at a price of 100k rmb no one wants it. It cost me 420k rmb "

Will the debt destroy China's housing market? The market cools down and the engine is almost dead

https://www.youtube.com/watch?v=tzQ1J4MzRqQ

Edited by Saving For a Space Ship
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