The rise and fall of China Evergrande

[@yongchen8204]

greed, corrupt, mismanagement and bad bussiness decisions from top down is the problem.

[@catonpillow]

Glad that Сhina has popped Evergrande's bubble and put in place strict restrictions with regards to issuing debt to its other property developers making sure that the issue won't be repeated. Definitely the right choice with regards to the long-term stability of its property market.

[@MagogTheMagnificent]

Okay, China bot

[@st.altair4936]

And the fact that they actually liquidated this massive company because it can't pay its debt... You'd never see this in a capitalist country. Hope they nationalize it.

[@catonpillow]

@@st.altair4936 You're correct, in the US they would've bailed it out right away. Since the govt there works for the corps. Evergrande has a lot of assets in Сhina so its nationalization is not a bad idea.

[@thyristo]

​@@st.altair4936nonsense. Honkong has no say in mainland China.

[@thyristo]

​@@MagogTheMagnificentOk - US white supremacist murderbot. The US whities will pay for their genocide against over 1 million innocent Iraqi civilians - as well as for slavery, Mossadegh, Allende, Lumumba and many more crimes.

[@jonasoffice9853]

While Evergrande operates in China, it is listed in HK and have international shareholders. Its assets trapped in China will be chopped up sold at discount to other Chinese developers. Property wealth does not leave China. House buyers faced delays will be compensated by Evergrande shareholders funds. In the end the founder and its international shareholders lose.

[@swedgephd]

educated take

[@serebii666]

"be chopped up sold at discount to other Chinese developers" And these smaller developers will likely fail if saddled with the necessity of finishing those projects, since the great Evergrande failed. If they disentangle the liabilities then millions of Chinese families simply lost their life savings, which is potentially worse. Or China has to bail it out, and Evergrande's liabilities amount to a whopping 2% of China's entire (reported) GDP. Either way everyone is coming out of this with a massive haircut, not just overseas investors.

[@youtoobization]

Perfect example of why to never invest in China. I'm pretty sure investors already knew of this risk and still took a chance. It's why the investors who don't want this risk are pulling out of China.

[@michaelyun2407]

LOL CCP isn't going to allow investor to take a penny out of China. Thus why is going to very complicated to try to collect anything. Remember in China CCP controls everything if they say no you ain't getting a penny out of China.

[@Notmysteezhomie2]

@@youtoobizationwow having a country that actually doesn’t put shareholders first and imposes some form of accountability, what a novel concept for americans

[@greaterbayareahero1401]

HSBC and Blackrock owns most of Evergrande…..go figure.

[@evryatis9231]

They'll lost big on this one lol, finally.

[@danielpeakperformerscoach]

As a Singaporean, I got shocked when I heard Jurong

[@KinLee919]

Actually it's jürong. outside Nanjing.

[@leonard4928]

Lol when I see it I ask where is the bird park?

[@SpockvsMcCoy]

Cheesy theme park design...

[@rickace132]

Theme parks are suppose to be cheesy, that's what makes it fun.

[@davidtan2956]

Doing a wonderland should be properly studies before construction sadly another disappoinment to failure

[@shinramx]

This Evergrande case is rather unique for me at least, it because Evergrande build this and that are beyond their what they can build (while in still property boom era) with money borrow from many unknown source (cash injected) with high interest rate. And when property boom slowed Evergrande still making property massively with hope that property boom are bouncing back, but suddenly and unexpectedly covid hit hard the world ; and later on due date debt is near and recovery from covid are very slow. When recovery most property are in declined after covid, people has no power to buy a property and time of debt are running out. Then the Evergrande is starting to fall ....

[@0animalproductworld558]

Why build a ton of buildings together and they are skyscrapers? Like a prison. Difficult for people to go to work etc and no privacy.

[@Jgs239]

What a great use of capital!

[@TheDailyDiamond]

you do not start 15 theme parks on loan! You gotta start one with your own money and spread it, that's how you do not collapse in business.

[@kingseiryu929]

But think about the 15 theme parks u would have. You are building a multiverse! Even Dr strange can't do that!

[@Vlican]

CCP internet army trying to do damage control here in the comments section lol

[@Rav01508]

Like those cow dung indian bots?

[@SPECIALTRADER1]

China has no homeless people. 😮kzbin.info/www/bejne/a4erfoGYdp2Aqacsi=9Bd6FqGahknwjzrD

[@marytomsin7081]

yeah it's strange , do these guys actually get paid or something ? China is literally doing psyops all around the internet, it's quite scary.

[@45641560456405640563]

Pretty much.

[@paulzhang1310]

@@45641560456405640563 christian internet army here in the comments section bashing the ccp 24/7

[@ML-fu3oc]

This story warms my heart!

[@stephanieallangarman5598]

My sympathy is with all the CITIZENS WHO paid down payments in a home hoping to eventually move in. The families who believed they would eventually get a future home. 😢💔. Can’t we all agree that everyone regardless of Country wants affordable safe housing. WHY are there so many “DEBBIE DOWNERS”? People sometimes need to get over themselves …we have MORE in common than NOT. 🙆🏻‍♀️❤️‍🔥

[@youarebeingtrolled6954]

Rich chinese who bought property all over the world arent gonna be affected

[@Hkchinese888]

no, they disregarded all the warnings, some are opportunists got on the last carriage for heavy discount, they don't deserve any sympathy.

[@pugster73]

The people who paid down payments will be fine. Local governments will step in will liquidate Evergrande's assets to other developers or the governments who will finish the projects. Pretty sure Hui ka Yan's assets would be seized by the government also.

[@wckoek]

​@@pugster73"will" - maybe in 10 or 20 years. I have seen abandoned projects in China which commence building in the early 2000s, now still unfinished. Government can and will promise anything, but there is no action, there isn't even a proper timeline.

[@CodeMeat]

@@wckoek “As the proposal of "Guaranteed Delivery of Buildings" reaches the first anniversary, the Ministry of Housing and Urban-Rural Development recently disclosed the progress of the "Guaranteed Delivery of Buildings" work in various places. At present, the overall resumption rate of Baojiaolou special loan projects is close to 100%, and a total of more than 1.65 million housing units have been completed. The housing delivery rate of the first batch of special loan projects exceeds 60%.”

[@EC-gq4xx]

As in any restructuring, the small-time investors will have to carry the burden.

[@WiCapitalco]

They've restructured for 3 years now

[@alexandertheresurrection2810]

Those investors are never getting that money back. F**ked doesn’t even begin to describe how bad this is.

[@maggiechan33]

Beijing allowed Evergrande to fall because it was engaged in uber-risky practices. Right that Beijing didn't bail out Evergrande, like Washington did for the financial institutions, that caused the 2008 housing crisis.

[@sting114]

Lots of bank managers getting kickbacks money 💴 to approve bogus loans. That’s why they failed

[@elmernagui744]

because beijing cannot sustain it even if it bails out these property companies and it will go against its anti graft and corruption policy

[@reis1185]

bad luck for them, Chinese banks are state-owned​@@sting114

[@redmi4a375]

Chinese saying _ if you do not have a big head, don't wear such a big hat_ perfectly fits Evergrande dilemma

[@lokesh303101]

The other Property Developers do get a Sharehold in the Liquidated Assets.

[@DC9848]

The biggest problem is that Chinese apartment buildings built in the past 3-5 years are Tofu quality. There will be no livable apartment building left in 10-15 years time. So not only did you pay insanely over the value of the apartment, you have an extremely fast depreciating asset on your hands. These factors will cause revolt in the consumer base eventually

[@ezioauditore5616]

and your India still have ton of people homeless and without toilet

[@passby8070]

you have no idea, most of the apartment builded are over engineered concrete structures, I lived in one in China in a community of 32 buildings, I can see no major structual issues in all them that issue.

[@RedsHitpostMedia]

Basically endless expansion and promises and no tangible products. So when the money ran out they couldnt finish anything meaning wasted momey

[@user_375a82]

So obvious what has happened.

[@yojimbo3681]

This a Capitalism problem, not a Socialism problem.

[@MainMan7012]

Horror Land? A new concept in entertainment? A bit like those traveling to ruins of Detroit. The mass market housing concept still too expensive in many cities for majority of Chinese! No one can own the equivalent of a $1 million property on $25,000 per year. Housing prices need to fall 80 percent in most areas to begin to be affordable.

[@deodatsingh4621]

China busy buying property in other country😂

[@pushslice]

Yes, anyone who can ….appears to be trying all their best to get their capital …and themselves ….out. As always: actions speak LOUDER than words. no one is trying to move capital and immigrate into the PRC .

[@zacksmith5963]

India sending beggars

[@dennisnguyen8105]

EverGrande should hire Boeing executives. They will know what to do.

[@TheMizpah2000]

Only private company can run economy, not the job of any government. If people doesn't demand it, government can not mandate it.

[@Indian_Girl_Aarini_213]

I find it incredibly shocking and surprising how China and India are just so strikingly in contrasting. On one hand they have an abundance of unoccupied buildings (ghost cities is what some people calls it). In fact a few thousand of those cities already. On the other hand in India there is hardly any buildings and is filled with sIums everywhere with no toIiets. USA is in a similar position to lndia with their amounts of homelessness now.

[@nicholasfooong.]

Homeless in usa: 500000 Homeless in china: 3000000

[@PraneeI]

@@nicholasfooong. Homeless in usa: 5555500000 Homeless in china: 3000000 You know how to make up numbers. and so do i.

[@Pichipieify]

@@nicholasfooong. 500000 is a gross understatement

[@PraneeI]

Homeless in usa: 5555500000 Homeless in china: 3000000

[@nicholasfooong.]

@@Pichipieify no it isnt

[@koyaedgar1979]

China is example of Tower of Babel

[@zacksmith5963]

Nope . China is example of building not speculation

[@laopang91362]

Covid policies played a part.

[@andreas3858a]

not, it's time bomb since the beginning waiting to explode. how can it be sustainable that some company uses money to build consumer houses/apartments to finance its other projects?

[@ryangonzales7716]

@@andreas3858a I agree. Endlessly spending tons of money you haven't got is always a recipe for disaster.

[@chocolatecookie8571]

Is it smart to invest in this company as a new investor now the price has plummeted?

[@w.urlitzer1869]

EverBland

[@cdnsilverdaddy]

the quality looks so bad

[@thegayass4323]

This comment wasn't necessary 💀

[@tindrums]

Typical real estate firm modus operandi. Take money from clients.. become cash rich.. think you made it.. waste it.. now you dont have cash to complete the project for which you took money. Happened in India too. Now all advance payments go to escrow account for the project and cant be used (in theory) for grandiose projects.

[@wampastompastomp]

Who owns ever grandes debt?

[@thomaslong8448]

Banks, Blackrock, and shareholders...

[@1pasupaty]

Politico business nexus means u pay more than what u should and ur finished if u don't receive ur flat

[@sns1804]

People are learning that Hypocrisy and Lying under oath is not perjury. the Freedom of Speech law overrides everything else.

[@whysoserious7553]

Lots of Chinese bots doing damage control 😂😂😂

[@zacksmith5963]

Beggar pajeed India best achievements so far India's Hunger index 2013: 63rd rank 2022: 107th rank India's Happiness index. 2013: 111th rank 2022: 136th rank India's press freedom rank 2013:79th 2022: 150the the fourth pillar of worlds largest democracy is no more India's unemployment rate 2013:4.9% 2023:7.5% Unemployment rate never increase in growing economy.. india is growing only on paper and by loan India's Debt before 2014: ₹55 lakh crore 2023: ₹155 lakh crore India's GDP from 2004 to 2014: $709 billion to 2.04 trilion (almost triple) India's GDP from 2014to 2024: $2.04 trillion to 3.6 trilion (expected)...not even double

[@sting114]

Lots of bank managers getting kickbacks money 💰 to approve bogus loans. That’s why they collapsed

[@bluedragontoybash2463]

you describe Bank Manager correctly. so what is the news ?

[@ErnestoSun]

Too big must fail!

[@Hkchinese888]

Another heartwarming story from SCMP. Thank you so much. 🤣🤣🤣

[@AhmetTekin101]

Lol

[@SPECIALTRADER1]

They still have the most developed country in the world.

[@SPECIALTRADER1]

China has no homeless people. 😮kzbin.info/www/bejne/a4erfoGYdp2Aqacsi=9Bd6FqGahknwjzrD

[@KG-fw5wk]

@@SPECIALTRADER1China? A country that still has widespread poverty?

[@AhmetTekin101]

@@SPECIALTRADER1 They? You mean third-word China?

[@capricorn839]

Greed is the main cause

[@marvin4758]

I could see the Disneyland knockoff thing working out but too bad it took them forever to pivot

[@perpetual_happiness]

even if they had opened in 2020 they would still have had plummeted and caused even bigger damage to the company in the long run

[@dunkyourdonuts2282]

If this was anywhere else, I'd be waiting for a documentary about it, but since it's China I doubt they'd let anyone deep dive into the situation

[@st.altair4936]

There are literally already documentaries on this. It's not exactly a hidden situation.

[@KinLee919]

Come on, China is not north korea, 😂 we air documents about Culture revaluation and the 1989 Tiananmen riot on TV.

[@CharlieTangoLaw]

yup probably hide it till they can. documentaries here are just too shallow, like how they failed to build houses with their tofu dreg housing standard.

[@YuNherd]

i thought they know the saying, "you only go to war if you know you will win" which translated to business, "you only invest if you can profit". edit: oh I forgot, communism should show themselves as the better idealism compared to capitalism whatever the cost

[@G0ddEityawesome]

how would they possibly know that Covid would occur? It’s a main factor for this company failure

[@Devilishlybenevolent]

Which part of China is communist? Do you think north korea is democratic because they have it in their name? Are you dumb?

[@Крамарчук-ж8р]

Evergrande is a company in a capitalist market... What is that to do with communism? Only uninformed people would call the Chinese economic system as communist, when it is as capitalist as it gets

[@YuNherd]

@@G0ddEityawesome well they can use all the excuse they can give. at the end of the day, result matters.

[@Sina-rw3bl]

@@YuNherd I can't believe you wasted that minute writing the most irrelevant comment I think I ever read, american moment.

[@ksoo8938]

never wanted or mean to build just another scam in mega form from day 1 should used his private assets to pay his victim

[@rene9385]

it's all a scam from the start

[@ashrocksplays523]

honestly some Chinese people are being too greedy

[@toonarmiesradiation]

Greed is part of human nature. This happens everywhere in the world.

[@jules263]

Wait till they find out about Country Garden 😂

[@ML-yu5ij]

I am pretty sure they know it far better than you

[@jules263]

@@ML-yu5ij Sure little pink. Your stock market and yuan are in free fall simultaneously. Evergrande is the least of your worries but you know that far better than me? 😂

[@ML-yu5ij]

​@jules263 remember you're white. Know your place 😂

[@EcoShibajee]

That is why when you fail, you must ensure that you have taken a massive number of people with you. This is same in every country.

[@anitabagaman]

BUILDINGS IT CABLES. BUILDINGS DEPARTMENT HKSAR. BUILDINGS ORDINANCE 14 HKSAR. TAMAR PARK 14.

[@sns1804]

The world is learning that Hypocrisy and Lying are not sins to be punished by jailtime. Trump is proving that it is OK to lie in court.

[@jimah20th]

Is there a Europe Evergrande?

[@zendude123]

At least Country Garden is still okay 👍🇨🇳

[@wynetsang]

Is this the story of rise and fall of the US military empire with 800 military bases world wide?

[@TacticalMayo]

Quite the opposite 😂

[@Halisco_New_Generation]

Which option is preferable? China: A billion vacant buildings. USA: Homeless people suffering from hunger on the streets everywhere.

[@nicholasfooong.]

Unlike the prosperous taiwanese, 952 million chinese earn less than 282 dollars a month.

[@officialobama3547]

I dont know, which country is about to have an economical collapse? Its china. Meanwhile US stock market is the highest its ever been

[@kickass7104]

People looking for opportunities don't go to china they go to America 😑😑😑 that's how bad China is....in fact 200k Palestinians prefer America and only 800 Palestinians staying in china.... that's how miserable China is😑😑😑😑

[@PraneeI]

100% of taiwanese earns 2 cents a month.

[@nicholasfooong.]

@@PraneeI we don't see taiwanese desperate to illegally immigrate to usa. However chinese are desperately illegally immigrating to usa

[@RacerX1971]

Basically. Greed and more.. greed. Then i noticed the Chinese like to instill these lines, like the 3 red lines, then they have the 9 dash lines in the China sea😂😂😂

[@ColocasiaCorm]

I find it difficult to believe that this is a Chinese publication given how bad the pronunciation is

[@Susancov]

*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable. I make an average of $25,500 per week even though I barely trade myself.*

[@KimCastro-qu2vm]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@angelabrooks8189]

Thanks for the recommendation 🙏 how can I get to her ?

[@Cynthy-e]

It's truly heart- warming reading a lot of testimonials on Eleanor Nelson. Her personality, ethics, principles and prowess as a Financial Adviser has gained her fame and recognition around the globe.

[@Aarini_Ashwini]

I live in BIackedRaw USA. Everything is miserable here, but no one dares to complain. We USA hope our future building won't be tofu dreg any longer. Seriously, if there is next life, I wish to be born in any other country, except USA.

[@ismailnyeyusof3520]

The way you write, doesn’t seem American. I can accept poor grammar but this is low.

[@cheyd4312]

Lies....This place doesn't even exist. 😂

[@Amradar123]

Bot, posts exactly the same about china 😂BlackedRaw hahahaa

[@toonarmiesradiation]

Poor guy. Hope you find you dream place soon.

[@ncuzas760n]

If true.....Why don't even try looking for a place to settle among 50 states? Get Google maps and search.

[@es9382]

The assets will be bought and the unfinished projects will finish

[@Amradar123]

They won't as those empty building frames are rotting away exposed to the elements already for years now. They were not used to be lived in but as a piggybank.

[@asmitasinha6547]

Everything was well unti a Mao Zedong wannabe took over and ruined everything😂😂

[@BinjiYoungiQ]

Proclaimed in self independent hurry who’s on board where 7 ok advice #7=ALA

[@elmernagui744]

why did evergrande did not allot earnings for debt servicing (as part of retained earnings - reserved)? this is a neglect from the government regulators who oversee the industry..greed is the bottomline

[@DanH-u3f]

Evergrande and China's economy are the same thing.

[@AhmetTekin101]

Yep, both are collapsing.

[@toonarmiesradiation]

It's collapsing. I heard this decades ago.

[@soanbabustores1596]

I hope real estate prices in mumbai will come down. I wish to buy 1bhk.

[@KylerTony45]

The people can blame evergrande all they want. Both the company and the people got greedy and put everything on the speculation that is housing. Same thing happened in America. Those who waited for it to crash made money big time. I expect the same thing ti happen in China when their housing crisis is over.

[@brianburgess3231]

heartwarming!

[@zacksmith5963]

Thanks US property sector, J which accounts for 80% of GDP. J collapsed in 2008 Exports and imports accounting for 37% GDP. are down. Foreign investment is falling over 90% compared to 2018 Foreign visitors are down 96% compared to 2019. Consumer prices are experiencing deflation. Youth unemployment hits over 21 %, a record Its fast-shrinking workforce is 10 years older than neighboring countries. Still, US keeps reporting outrageous GDP numbers. Lol Just like the moon landing, people are catching up to their lies

[@ReportsOnChina]

The music is a bit too loud, team.

[@caprionisilva721]

hui kai yan not learning the experience of many doom developers that bankrupt in 1997-1998 especially in asia cause by overexpansion that follow by overdebt which all go down when economy crisis that zoom dollar up which many of that time borrow in USD when cheap.

[@joyowow]

fairyland remains as fairyland (dreams)

[@RomaVilla-q6k]

❤❤❤❤❤gr

[@totskietodna4196]

😂😂

[@lliamjurdom9505]

Never Grande ... made in China ...

[@JonJon-wc6pj]

And they never learned with their belt and road project while antagonizing their neighborhood!🤦‍♂️

[@SPECIALTRADER1]

How are they antagonizing their neighbors with the Belt and road initiative??

[@st.altair4936]

​@@SPECIALTRADER1No no you see them working with other countries is actually bad because they're not US allies!

[@michaelyun2407]

@@SPECIALTRADER1 look up Belt and road Debt trap. Country who sign up and took up loans with China never have the abilities to pay the debt off in the first place so they have to lease/sell movement assets to China meaning China now controls a very very important part of the country that owned the debt. Also China can pressure in the way how these countries operate and vote in the UN now. Say if South Afirca own China 100Tillion and China told the PM at that time to vote in favor or China going to war with taiwanis legal and nothing wrong. Well since your country own so much debt to China you are going to vote what they want you to even if you know is wrong.

[@JonJon-wc6pj]

@@SPECIALTRADER1 not saying "with" i am saying "while".🤦‍♂️ learn to comprehend bud.

[@class6aa]

@@michaelyun2407will Chinese debt is just a super small part of the overall debt issues in developing counties. And China just take your assets, usually for a given number of years of years, and there’s no proof of influence voting. On the other hand, there are many many many real examples of countries defaulting western debt, such as IMF debt. In such situation, those defaulting countries have to have their entire fiscal policies approved by their debtor. And that usually includes mandatory cuts on education and medical funding. Once defaulted these countries hardly have any chance of rebound.

[@Atombender]

How very shocking to see a company that was only looking to grow its revenue going bust.

[@magnolia430]

It was just a fairy tale 🤣. Totally unbelievable how this could ever get so far into debt.

[@clementihammock7572]

Oh dear, I thought Jurong and Jurong Island supposed in Sg? 🤣

[@jk35260]

No lah, it is Jurong, Jiangsu.

[@jeremypearson6852]

More like fairytale than fairyland!

[@smilling1035]

In China they have a surplus of buildings, whereas in my country there is a housing and building crisis 😅😢😢😂

[@nntflow7058]

You think the Chinese government allowed homeless people lived in those empty buildings? 😂 😂 😂 😂

[@AhmetTekin101]

China has 100 million homeless. But none of those buildings are in livable condition.

[@Amradar123]

Those buildings are not for living in but to have as a saving.

[@SPECIALTRADER1]

​@@nntflow7058They don't have homeless people...lol . Everyone is sheltered in China

[@st.altair4936]

​@@nntflow705890% home ownership rate and consistently rising.

[@laughitout1331]

It's just prove 1 thing. There is no place for 2nd place/copycat/dope. It's just win or nothing. 😂😂😂

[@zacksmith5963]

Sooooo Why is Google youtube LinkedIn Microsoft Facebook twitter X tesla xbox ford usa banks killing jobs and firing employees ? Is usa communist ???

[@Rixynator]

Lol trying to compete Disneyland. Laughable

[@jerryryan5760]

?

[@TheDavidlloydjones]

Hui rhymes with day, doesn't rhyme with boy. Yuan rhymes with swan, doesn't rhyme with hen.

[@clarie91s]

"Hui" in Mandarin does rhyme with "day", but the name "Hui Ka-Yan" is written using Cantonese romanization and the Cantonese pronunciation of "Hui" rhymes closely with "boy". "Yuan" does rhyme with "hen". It is not pronounced "yu-ah-n".

[@ALLKASDLLS-mg4lu]

>China witnessed the bursting of Japan's bubble economy. China: "We saw Japan fail, so we will never be like Japan." Seems they learned nothing from Japan.

[@toonarmiesradiation]

There is only one lesson to be learned. Don't be a lapdog.

[@SPECIALTRADER1]

China has no homeless people. 😮kzbin.info/www/bejne/a4erfoGYdp2Aqacsi=9Bd6FqGahknwjzrD

[@bluedragontoybash2463]

plaza accord ?

[@ML-yu5ij]

seems like you know nothing about Japan. Shows your lack of depth and knowlegde

[@SPECIALTRADER1]

Seems you don't know anything about China lol if you think they're bubba's bursting I just want to redress that they have 25 of the most advanced largest cities in the world. That's in world history.

[@idnexdesign]

China dream....🤭🤭🤭🤭🤭🤭

[@vanthaonguyen1992]

#chinazi #maothebutcher #winniethepooh #tianamansquare1989

[@verylastChang.]

During the 2008 subprime mortgage crisis, the world's largest economy was reduced to begging China for a credit lifeline. - Do you see China asking around for a loan today?

[@ismailnyeyusof3520]

I don’t think China would approach the west with a begging bowl, not with all the history they have had. So, who else could they approach? Looks bad.

[@AhmetTekin101]

Impersonator!

[@Amradar123]

Bot, post the same about USA

[@victortoba-ogunleye4056]

and yet china has had a debt spiral since then

[@Ash-vt5cp]

another chinese bot

[@daniel.92a3]

Then U.S GDP would be at zero because they collapsed in 2008.

[@nicholasfooong.]

Chinese bot, part of ducky and blackedraw bot network

[@toonarmiesradiation]

By that logic, it should be negative now. Not zero.

[@zacksmith5963]

​@@nicholasfooong. cia bot

[@nicholasfooong.]

@@zacksmith5963 👈shitguo 🇨🇳 mss bot

[@lenkiatleong]

Glad to see CPC govt did not use taxpayers money to bail it out. Incompetent and greedy business persons should face the reality. It's assets should be sold to competent developers and move on.

[@ernestkj]

CCP are dead broke to bail anyone out now!

[@nntflow7058]

They bail out Evergrande twice already.....

[@lenkiatleong]

@@nntflow7058 , do you know how much and when?

[@SPECIALTRADER1]

So? ​@@nntflow7058

[@st.altair4936]

​@@nntflow7058They have not. The company defaulted on its debt in 2021 and the CPC has refused to pay it for them.

[@ezioauditore5616]

we Indians wont face this problem because we are happily living in the slums +1 win for India

[@RogowskiBubba0864]

You are twisting the truth, bad for karma 😊😂

[@MasticinaAkicta]

A debt bubble that big? It will take a chinese wonder to push through. And with that I mean the party forcing the banks to give huge loans to the company. And I mean it, FORCE it...

[@joelgaas858]

KARMA to those poor Chinese who are forcefully evicted from their land and home to give way to this construction without considering the life of poor people.

[@ncuzas760n]

I've seen videos of old, poor people living in cages in the streets of Hong Kong, and 10 to 15 people sharing the rent of an apartment of one room (a studio), because they cannot afford anything else. While magnates owners of holdings of numerous companies play How to be billionaire with people's money. All the consequences of economic loss and financial distress they can get, are nothing compared to what they deserve, for living indifferent towards the hardships of their less fortunate, and elders in the streets. Communism? Ha!! Re-read the concept of it. A disguised capitalism, is what v they live in.

[@youarebeingtrolled6954]

U know biggest loser is blackrock and big us foreign funds😂

[@snakebite215]

pray for scmp, hope they are not raided by ccp agent after reporting bad news about china

[@toonarmiesradiation]

I don't see anything bad about China here. This is news reporting and it's all about facts. Evergrande story made world headline and everyone knows about it. So there's nothing new here.

[@SPECIALTRADER1]

China has no homeless people. 😮kzbin.info/www/bejne/a4erfoGYdp2Aqacsi=9Bd6FqGahknwjzrD

[@marytomsin7081]

They probably don't operate out of China , if they can report bad news like this since the Chinese government goes to huge lengths to hide their problems.

[@pushslice]

I agree, they should be careful putting in actual investigative work, and then reporting on the facts….. is NOT aligned with Xixipee values!!

[@zacksmith5963]

@@marytomsin7081 US property sector, J which accounts for 80% of GDP. J collapsed in 2008 Exports and imports accounting for 37% GDP. are down. Foreign investment is falling over 90% compared to 2018 Foreign visitors are down 96% compared to 2019. Consumer prices are experiencing deflation. Youth unemployment hits over 21 %, a record Its fast-shrinking workforce is 10 years older than neighboring countries. Still, US keeps reporting outrageous GDP numbers. Lol Just like the moon landing, people are catching up to their lies

[@nicholasfooong.]

ducky bot going insane in the comments

[@ChristonFinwood]

Said by the bot 😂

[@diva555sg]

Tofu building sell investment based on powerpoint psychology! Ppl pay but the money went to new investment while build half way is not completed. No TOP. Years went on. Developer profit with many incomplete building. Thousands of year heritage site passed down by ancestor received no compensationthrown into prison or murdered/go missing was torn down by bulldozer to make way for investment quick profit. If you cannot moved in, building is unsafe, you can't rent, sell yet need to pay bank loan. Farmers were forced out of their farmland to make way for investment profit & incomplete building. Farmers were relocated to a space of 1 room type of empty cheap housing with nothing. They cannot plant crop or sell. On top of that taxes were slap on them with no basic income. This is communism. Manufacturing hub was mass producing to the worldI. If it was that cheap force labour in prison they are not paid while ppl on top & companies profit. How can a family survive or have a quality life?

[@zacksmith5963]

Sooooo Why is Google youtube LinkedIn Microsoft Facebook twitter X tesla xbox ford usa banks killing jobs and firing employees ? Is usa communist ???

[@zacksmith5963]

Then why is india a non communist country no 1 in slavery ? 😂😂😂

[@Nachscrach]

I was in the Shanghai Evergrande amusement park. It was empty and scary

[@toonarmiesradiation]

If there was nothing there, why were you scared?

[@capricorn839]

@@toonarmiesradiation There could be something "invisible" to the eyes. Only you can feel it which is the scary "chill"