What does the Evergrande liquidation mean for China and the world? | DW News

[@80-80.]

That feeling when you're really happy about something, but you're with someone and have to show sympathy.

[@DEADMEDIC]

honestly it looks like he's interviewing an AI.

[@MePorro_]

AI speaks clearer

[@lov2cyanaked]

his whole family is probably being held hostage til the interview is over.

[@joshlewis575]

They both look it, what a weird world were heading towards

[@alansnyder8448]

That guy said a lot of words without clarifying anything. Was he being held hostage? Of course, someone once told me that being in China is like playing poker with everyone all the time. So, little honesty there. Everyone has on their poker face at all times.

[@nguyenvuhoanglong3418]

Because he used software / in-app tools to remove the background so it made him looked unnatural and "AI" like. Have you never met online via Skype or MS Teams before?

[@dinnerwaltz]

From being the richest man in China with a net worth of 45.3 billion USD to what he is now. The boss of Evergrande should write a book.

[@lorenzoblum868]

And call it NeverGrande.

[@sarabeth8050]

He's in a secret Chinese prison.

[@MrJdsenior]

Xi should write the book, and Evergrande isn't remotely alone in terms of Chinese companies that are in the can, or very close.

[@johnc2438]

@@zacksmith5963 Really? Who provides you with your meds?

[@kurtwinslow2670]

Call his book it I'm a professional and Bernie Madoff is an amateur.

[@NLTops]

To make it clear: they're making foreign countries carry the cost. "insists Chinese homebuyers will be protected from the liquidation, which only affects the firm's international business.". Something to think about before buying real estate in China or letting the Chinese build your construction projects.

[@purplemist2779]

did you expect otherwise? and if you did, why exactly?

[@NLTops]

@@purplemist2779 Of course not, Communists love taking other people's stuff and calling it "sharing".

[@gomerpyle7721]

And companies are going to suck China dry as they withdraw capital. The Yuan is increasingly becoming worthless, something Russia discovered after they put billions into it for foreign trade when they were cut off…they got burnt

[@amanjain4817]

One of them is SUPER happy, the other is in PERPTUAL shock

[@GabberNYC]

They both look happy, one of them is just trying his best to not look it. O⏑O

[@avocadotoast4934]

One is a real journalist, another is a real joker.

[@billhanna2148]

one of them does not BLINK !

[@Beresunablle]

This guy will probably report the end of the world with a smile on his face😊

[@chihchang1139]

they both seem super happy tbh

[@RRrico0625]

Somehow, to me, this guy looks so happy about this situation and can't hide his emotion.

[@GraniteInTheFace]

He looks like hairdresser from courage the cowardly dog

[@MePorro_]

for sure he looks like he won the lottery

[@manishgrg639]

Because he knows the game being played by the CCP

[@kurtwinslow2670]

Maybe he realizes as long as the CCP is in control the people of Hong Kong, don't stand a chance.

[@martinkobimbo8090]

Yep he can't hide the happiness, I thought I was reaching at first but that guy is elated.

[@jeremiasrobinson]

I always have a hard time seperating Rob from Words when he is in the news.

[@foozballguy]

Same!

[@user-pl3lo8cc8y]

thanks for that comment… i was wondering 🤔…

[@DarxKies]

The bottom line is: foreign investors are screwed... Chinese customers too.

[@DBGE001]

Real estate investment is not for newbies.

[@DarxKies]

@@DBGE001 Investing in fascist led countries ist a recipe for desaster. Who knew? Right?

[@AB-fi5jt]

@@DarxKiesWarren Buffet don’t think so😂

[@DarxKies]

@@AB-fi5jt Not everyone got common sense I guess. 🤡

[@PavolFilek]

DO not invest in craps, but to oil, gas, uranium, plutonium, crystaline si, mono-si, 5 nm wafers, 2 nm wafers, cobalt, lithium, manganese, magnesium, cuprum, aluminium, steel, .... diamonds, not USD, not EURO, not BTC, not ETH, not BNB, .....

[@kamaboko1]

"Home buyers will be taken care of". How he said that with a straight face was incredible.

[@yaucharles91]

There is a reason why they allow Evergrande to be bankrupt. Action is taken behind the screen.

[@ssuwandi3240]

Exactly. Why bailed out WEF investors anyway ? Now they're ranting in Bloominberg the dollar bondholders will likely get the end of sticks 😂😂 After 3 years daily bashing.. it's called WEF Karma 😂

[@ZweiZwolf]

That's because it's true: the Chinese home buyers will be taken care of. Investors, especially foreign investors, will be luck to get pennies on the dollar. This is just the beginning of China deflating the housing bubble, rather than allowing a crash like we've seen in the US and elsewhere.

[@hannibal0888]

Home buyers will not "be taken care of". Unless you mean that they will have to pay ghost loans to prevent banks from going under. On the other hand, Major debt holders will be taken care of.

[@bellaadamowicz8380]

@@ZweiZwolfLOL! Are you serious ?

[@F3arlessWarriorMindset]

A Hong Kong court has ordered liquidation? Has the judge gotten approval from his political masters in Beijing? 😂😂😂. I’ve no love for the CCP but it’s naive to imagine that a Hong Kong court can order the liquidation of Evergrande, obviously the judge is living in his delusional world that legal law holds the last word in a city that’s ruled by Beijing. 😂😂😂

[@fbkintanar]

Evergrande's pile of assets is rapidly shrinking in value, it will be quite interesting to see who gets what. This is a challenge for commercial law in both Hong Kong and the mainland, the way it plays out will affect future investment. The mainland Chinese practice of having buyers of residential properties make initial payments and amortizations on units even before they are built is unique in the world, and the claim of the customers is strong in the eyes of the Chinese authorities. I understand that the central authorities in China have instructed local authorities to ensure that building projects are completed (clearly not all, those without permits are being demolished), so the local governments will also want to claim a big chunk of the remaining assets to cover their costs. So foreign bondholders and equity investors will have to compete against property customers, local governments, mainland business entities (unpaid suppliers, bond holders, equity investors) and the concerns of the central government about systemic risk. Good luck, but they might get cents on the dollar.

[@ZweiZwolf]

Exactly right, and how it should be. There is inherent and implicit risk in every investment, and capitalism cannot exist without the risk of bankruptcy. On the other hand, consumer rights should be stronger, because the consumer is buying a defined product, rather than betting on growth and dividends. It would be great if America and the rest of the West followed China in making consumer rights absolute over investor and corporations, but I doubt it'll happen.

[@winstoncat6785]

@@ZweiZwolfTend to agree Although chaotic, it seems the prioritisation in the clear up is going to be broadly fair. Of course, the real issue is how this mess was allowed to develop in the first place. But I think China has already enacted policies to make sure it cannot happen again.

[@ZweiZwolf]

@@winstoncat6785 Yeah, China needs to treat basic housing as a core function of the State, just like energy, transportation and banking. It's really odd that China is behind Singapore and Hong Kong in the broad development of public housing, especially with the risks revealed by Evergrande, etc. I'm sure China is working the issue to prevent recurrences.

[@winstoncat6785]

@@ZweiZwolf Singapore in particular appears to have exemplary management of land, housing and space for road transport.

[@ZweiZwolf]

@@winstoncat6785 Yeah, Singapore is the head of the class in terms of land management, most places should be paying more attention to them.

[@GloriaHoulihan]

Offshore Evergrande has 235 developments going on ,each a separate company.61% of Management services. Electric Car company that produced no cars . About 230billion dollars.I believe 300 billion is owed in bonds.Heng Teng has been sold. It must be a worrying situation for people who are in China waiting for their property to be built.

[@MacNCheese68]

Evergrande thought they could play the “too big to fail” game but that’s exclusively for US. Now that’s *real* hegemony power that China will never understand how to concoct.

[@ArabicReja973]

Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - 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, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?

[@josephgarey1854]

The growth comes from lies,they're all lies, Evergreen should have stopped developing properties 10 years ago

[@henli-rw5dw]

Manufacturing. It's now the largest car exporter in the world. It's ramping up manufacturing in all high end products. The 5.2% growth is largely manufacturing growth, as seen by corresponding rise in electric usage.

[@AhmetTekin101]

​@@henli-rw5dwChina reported 5.2% GDP growth rate. Optimistic economists said the growth rate of China was 1%. Some said China's economy shrunk at 6% rate and the country is in recession.

[@henli-rw5dw]

@@AhmetTekin101 Their electric consumption raise 5% in 2023, matching their GDP number. Thus, the GDP number is most likely true.

[@henli-rw5dw]

@@AhmetTekin101 I consider electrical usage the most accurate measure of Chinese GDP. When in doubt, look at their power consumption.

[@michaelgothenburg364]

Only applies to Hong Kong. A Hong Kong court doesn't have jurisdiction in Mainland China.

[@ZweiZwolf]

Exactly. They can try, but Chinese consumer law will determine what happens to the Hong Kong assets after Chinese consumers are settled.

[@hondaxyz]

I am pretty sure DW China has sent an AI as correspondent.This didnt feel real.

[@loot6]

You should try watching a Korean or Chinese tv show, everyone looks AI generated due to the extreme skin filters.

[@justinwolf7490]

Things are going to get a lot worse. Get your money out of China if you still have any there.

[@talkinghand122]

Do you think this is the first domino? What comes next?

[@ZenGokify]

Real estate implodes first, after that most likely export of goods, the rate has fallen sharply since 2021, anything more then that is gonna be collateral, as China relies so much on these two sectors since they bet everything they had on this. @@talkinghand122

[@loot6]

@@talkinghand122 Hardly the first domino, the dominoes have been falling all last year. Next would be country garden though I guess.

[@m4st3rm1nd9]

He's not answering the questions

[@jackjhmc820]

My parent from hong kong bought a new flat in china from County garden in 2023 near shenzhen and not sure when the new law was implemented but real estate developers would only receive the down-payment from homebuyers AFTER the flats were completed and inspected by government. So recently money from home buyers paid to designated developers was kept by the local government regulator. As such, overextended Developers after policy change faced huge cash flow problems as they used to get funding from buyers to build new flats even when the original flats were not completed?

[@JoeyBlogs007]

One suspects much of it is due to the Tofu Dregs construction methods used in their buildings.

[@xtreame]

The host has never been happier.

[@rollingdownfalling]

Couldn't think of an English word but German has a word called schadenfreude (laughing at someone else's misfortune)

[@talkinghand122]

He always looks like that, rain or shine.

[@rgbkgb1046]

@@rollingdownfalling gloat

[@normandiebryant6989]

OMG! Rob Words has been moonlighting on DW :P

[@Charlie-phlezk]

OMG ROB!! YOU WORK FOR DW??? AMAZING!!!

[@AK-ej5ml]

Housing bubble combined with a shrinking workforce, falling stock market, decreasing foreign investments and a leadership which actively tries to upset their main export markets - what could possibly go wrong...

[@Alopen-xb1rb]

The spokesman lost me at the part where the properties that people already paid for could be sold to other developers to finish . . . . . Who pays money to finish building a development that was already paid for by the customer. Essentially, why would anyone else pay for or even want Evergrandes promised half completed projects where there is no money to collect or be made. The only beneficiary is the customer and the government to prevent unrest or a crash. So the spokesperson appeared to answer the question “what will the government do step in and protect the Chinese consumers” with a nonsense answer and avoided admitting the obvious which is the government will have to pay to develop those properties or allow them to fail with whatever associated economic fallout that comes with it. Wish the interviewer would have pushed harder on that point its basic economics 101.

[@ZweiZwolf]

Obviously, China is going to nationalize Evergrande, protecting the consumer over investors - the opposite of America.

[@mellophs]

I really don't know the specifics. But assuming the customers haven't finished paying in full, then whoever gets Evergrande's assets might be interested in finishing certain projects to receive the remaining installments. In theory if there's profit to be made from this (i.e. remaining installments greater than the cost of completion), then someone should be interested in taking over. In such cases, unfinished projects are a mix of good and bad assets. Again, very hard to know for sure, besides there are many risks involved even if it's profitable. In the end it's up to authorities to decide how to minimize the losses.

[@avocadotoast4934]

In China, the government can order a company to take on the debt and finish the buildings at the cost of the company. This is different from Western capitalism.

[@oliveelephant]

@@mellophs all you need to know is that every apartment is already fully paid for, because Chinese banks loan 100% of the purchase price before the property is finished. So the purchaser is paying off the loan before the property is complete or liveable - meaning that there is no more money coming in for EverG, and zero incentive for anyone else to come in and finish it - for EverG to meet their obligations they just have to build the apartments. Problem is, EverG is bankrupt and can't pay the builders ...

[@mellophs]

@@oliveelephant that makes total sense. I was not aware of the specifics, thank you!

[@RM-fe6ye]

Interesting that mainland China has a different laws to settle vs. HK laws… thought it was one jurisdiction…

[@TheKkpop1]

It's not worthwhile to rescue a corrupted and greedy realty.

[@joshlewis575]

So u just tell 10s, 100s of millions of people sorry bout your luck? That sounds like a disaster

[@ZweiZwolf]

The US bailed out corrupt and greedy banks, though.

[@TheKkpop1]

​@@joshlewis575 Whatever, Do you want to rescue Evergrande CEO to get away with growing stashed money while his listed company went south? I don't think the HK stock exchange would want this to continue.

[@lastChang]

China may be in the same situation as Evergrande is. - That's why Moody's rating agency moved China down to "Negative" rating last year. It had concerns about China's ability to pay its world-highest debt, at $55 trillion.

[@KijjiSale]

where u get china have a debt of 55 trillion ?where you get china have world highest debt ,that belong to usa , where did you get china have a negative rating ?A1 Agency Rating Outlook Moody's A1 Negative DBRS A Stable DBRS A (high) Negative DBRS A (high) Stable

[@ssuwandi3240]

When $275 billions of Evergrande debts were just domestic investors exposure, actually the dollar bonds wouldn't affect China Souverignity Debts AT ALL.. the opposite to USA $34 TRILLION new high record total debts

[@tallest4eva]

Just like the US disappeared after the Lehman's collapse of 2008. No wait! One company is not a country.

[@robsrockinout]

This is clearly a massive understatement by both of these gentlemen. The Chinese economy and all of its ability to save for its citizens has vanished from 1/6 of the savings and housing market. Yeah just another day... Give me a break

[@Anonymous-wt6ii]

If country garden is next, oh boy.

[@shanghaiffgg]

Isn’t it obvious: they will burn offshore investors first, then domestic investors. They will bail out the end users but over many years and it will be painful for them too.

[@simonac688.]

My best DW journalist 👍

[@kevinwilliams3694]

Every question could cost him his job for insulting the ccp, yet he has to answer. What a horrible world he's trapped in.

[@newdelphi1883]

This anchor looks so happy about delivering this devastating news from china

[@soygenius5856]

Yo that smile tho😂😂 Rob😂😂

[@user-bc4kt6nc1p]

Wait a second. This is Rob . At first I thought I clicked at the wrong channel. Didn’t know he also works for DW.

[@Charlie-phlezk]

dude same here, whoah!

[@chaospilot2142]

Who?

[@solomonkok1539]

Why interview someone who refuse to share broad views?

[@hanskleinjan]

Most things in China have grown too fast. Like cancer. The thrive for growth is the core of the problems. Not only in China btw. Global problem.

[@lancecahill5486]

One has to remember that the per capita income of China is only about 5,000 USD. The price of Evergrande’s properties is out of reach for most people.

[@ZweiZwolf]

Average per capita income for China is now "developed" income level, around $15,000 USD (nominal).

[@tallest4eva]

You are off by about 3 fold. Plus Chinese people have a far higher savings rate than the US. Ironically their saving instead of spending wantonly like Americans do is negatively affecting their economy.

[@ZweiZwolf]

@@tallest4eva If 5.2% growth last year in China is "negative", I don't know what else they can do. China added about $1 Trillion USD to their economy last year, far greater than any other country or bloc. For reverence, $1 Trillion is about 1/3 of India's entire economy, while 5.2% is about 2x the US growth and 4x the EU growth. China's huge base (about $19 Trillion USD) makes it tricky to create much larger sustainable growth, especially as they're currently investing into new technology, which is very expensive.

[@lancecahill5486]

@@tallest4eva Even if I’m off, do you really think people can afford to buy a house or an apartment on a $15,000 annual salary? That number is well below poverty line.

[@blose4793]

Evergrande reminds me of US, where they kept spending and deficits (loans) kept increasing. How will US be wound up when the debt ceiling can no longer be raised.

[@bellaadamowicz8380]

Don’t you worry your silly head about US . People from all over the world running to invest in US. Envy is a bad business model

[@kokomo9764]

The majority of Evergtabds assets are in mainland China. A forced bankruptcy in Hongcong does not mean anything in China unless the PRC allows it, which they wont. So, basically the only investers impacted are foreign. After a 10 year liquidation process they will get nothing. It shoukd be noted that most of these investments have already been written down by the investors.

[@jules263]

United Nations report documents mass arbitrary detention, torture, cultural persecution, forced labor, and other serious human rights violations of the Uyghur people in China.

[@zacksmith5963]

Source ? Proof ?

[@jules263]

@@zacksmith5963 United Nations documents are online little pink. You may have issues however gaining access to them behind your red firewall 😂 unless you are living in the west and hating on your host country and praising China? I suspect you are in the latter.

[@edwardsnowden8821]

the glee on the reporters face😂 I'd like to see the same on his face on the German economic crisis episode

[@blink182bfsftw]

You see what you want to see

[@keithworthing7038]

Dude, I just came here to say the same thing. What a grin lmao

[@sonneh86]

He seriously always looks like that, no matter how horrific the topic. Probably just his natural look

[@DK-ev9dg]

Clowns faces??😅

[@werunthesestreets]

He just has a smiley face

[@davidangeron3365]

Mr. Ng!!! Forgive me!!! What is "complicated???" Eh??? The Company accepted downpayments for the build and sale of real estate units. The Comapny is accused of spending that cash flow on other activities, ORTHER THAN THE COMPLETION OF ITS REAL ESTATE PROJECTS!!!! Tell us, Mr. Ng, where does "complicated" come from??? "Politics???" "Tricky???" Eh???

[@davidwittgruber7113]

If china keep this stuff up, taiwan soon can speak about reclaiming mainland china 😂

[@loot6]

Foreign investment in China is already literally negative, last seen way back in the 90s and they think this hasn't already been priced in. It's just another nail in the coffin.

[@AlexthunderGnum]

When too much is accumulated in one place - it collapses. China would be better off having 100 of companies that are 1/100 times of Evergrande instead of one. It is just the thing with us, the Asian people, - we tend to like larger, grander, and greater things and companies. China is caught on this hook again - piling too much on into one.

[@talkinghand122]

Reminds me of the saying, "the higher you go, the harder you fall."

[@sorenkirksdjfk7310]

you forgot to change your profile picture when you said "us, the Asian people", Mr Sock Puppet.

[@AlexthunderGnum]

@@sorenkirksdjfk7310 I was born and raised in Asia, Mr Physiognomist.

[@pdxyadayada]

Rob only uses the best words! Bravo!

[@KevinNguyen-zn4vv]

Same thing as the 2008 housing bubble. Loans on equity. Those people think they "own" assets but they're just debts. I can take a $600K loan for a house right now but that doesn't mean its an asset -- more like a 30-year debt.

[@Ukie88]

Yes it’s only an asset if you own it outright. No debt.

[@sterster5566]

The home is the asset, while the mortgage from the bank is the liability. It's basic accounting. Ones a debit while the other is the credit on the balancesheet ffs.

[@justinwolf7490]

It’s way worse than 2008. So much of the Chinese economy is in real estate and they have overbuilt 1 billion homes. There is 0 demand for anything else to be built probably ever because of China’s demographics. It’s catastrophic and this is the beginning.

[@ZweiZwolf]

The difference is that Evergrande was not "too big to fail", so no American-style bailout like the American banks got.

[@paulblack8887]

It would seem the buyers of this debt internationally failed as fiduciaries to ensure the liquidity and accessibility of the assets backing the debt. When things go wrong, what sort of response could one expect from the CCP.

[@anjaseidl4003]

apart from assets. who wants to live in these houses. they are quickly built. first, they should make this living places woth living. a pitty. better, I live in an old-style tao-house than these skyscrapers.

[@Africanknight88]

Who saw this happening over 2 years ago? 🤨

[@legatilegions8055]

Does the average chinese citizen not know what a pyramid/Ponzi scheme is? Has it not been commen there, or was the company just so big that no one could see trough this`?

[@hanskleinjan]

I’m afraid the other companies suffer from the same disease..

[@glennk.7348]

Wait! It’s Rob Words!! 😃

[@Jamal-jv8yc]

Rob Watts seems so happy about it.

[@MyMy-tv7fd]

is this the Matrix? AI interviews?

[@serebii666]

Just because he's Chinese doesn't mean it's AI

[@brunodosreis]

@@serebii666I know plenty real chinese people but this guy stll comes across as an AI-generated avatar

[@sonicmonkey888]

Never seen a presenter so happy😂😂😂😂😂 maybe do a little reporting on Germany😂😂

[@serebii666]

womp womp. Germany's economy isn't the one in deflation, caused by a cascade of bubble collapses, China is. And Frankly as THE trading partner of the world, China's problems are much more important

[@DarxKies]

The ccp economy collapsing... nothing to see here... move along... 🤣🤣🤣🤣

[@jetli740]

@@DarxKies collapse.... when? you type predict collapse for over 20yrs now so when.....they going to collapse?

[@wokeaf1337]

Oh look a diversion attempt 🤣

[@zacksmith5963]

Yes it's in recession ​@@serebii666

[@yongchen8204]

everyone in the real eatate or in the stock markets is highly speculative and risky. there is no such of real estate boom forever or stock prices continues to rise without any ceiling.

[@therolandx]

If fundamentals do matter there are a lot more dominoes to fall. Ghost Cities stories took a decade to play out and now everyone will be looking at who is next.

[@talkinghand122]

I was thinking about this. The first domino has started?

[@gomerpyle7721]

Build more houses…what are they going to do with that tens of millions of properties that are currently empty? Sell them to their non-existent young population?

[@verafleck]

Oh, RobWords!

[@alexlong3714]

International Business in Hing Kong, Domestic Business in China. Good points. So the court order do not apply in China ?? So foreign investors will see their investment goes to zero. Where else, their Chinese business, will be taken over by the Chinese Government for nothing, and run from there. There is why there is no such GFC effect on the world financial system. 😆😅😂🤣

[@martynhaggerty2294]

The pause in his answers .. Satellite or waiting for prompt?

[@Cenentury0941]

If they used better hardware, the AI wouldn't take nearly as long to respond.

[@Handicappedpenguins]

WAIT SINCE WHEN IS ROB WORDS ON HERE

[@myyoutube6289]

Terrible Sound Quality

[@uhhmon319]

328B in debt as a company? Gad damn

[@zacksmith5963]

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 , people are catching up to their lies

[@Gypsum179]

​@@zacksmith5963you need to take the tin foil hat off your head to let your scalp breathe

[@zacksmith5963]

@@Gypsum179 why don't u do that . U are the one who is it

[@Gypsum179]

@@zacksmith5963 the one who is it? What does this mean?

[@zacksmith5963]

@@Gypsum179 tinfoil. U are the tinfoil

[@Username18981]

As if Hong Kong is separate from mainland anymore.

[@jonhayden6235]

Excellent (as expected from DW) interview, and who better equipped than Rob to host?

[@my2cents505]

Thats the problem right? Govt is involved...somehow in bringing down the property industry and they r involved in their liquidation...the form n way. Thats when after years foreign investors are worried n losing confidence.

[@louistan7560]

It should be interesting to know how the $300B was financed and by whom, whether direct or re-packaged.

[@colo5220]

It will do nothing.

[@dram7773]

(Not for) Ever Grande

[@loot6]

Why do they both look like they're AI generated?

[@jdrancho1864]

Again, DW, give your correspondents a better mic. Jeez.Smh.

[@24pavlo]

So weird to see Rob on DW.

[@NeverRubARhubarb]

So, in short - we don't really know. How informative.

[@maestrovso]

Liquidation or melt down? Both involve turning solid into liquid.

[@lovechineseforever9434]

NEWSCASTER THINKING: I AM SO HAPPY I POP MY CHERRY

[@situationalawarenes]

Big brother allowed this to happen.

[@GraniteInTheFace]

People will get scared hong kong stocks will fall. China will play hard to get and provide with a slow life line. Evergrande won't fall now but it will fall eventually. That's what you can expect. Beijing knows it needs to pop this bubble but it's doing it on its own terms.

[@JohelSouza]

“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”, A.L. Your time has come, China.

[@loot6]

1. The government steps in to make sure Evergrande has enough cash so ordinary people can get the homes they purchased built. 2. Aliens that look exactly like wookies land on the planet and dance the tango. Not sure which one is more likely. It's pretty close, that's for sure.

[@prosodiclearning]

This " young, freaked out deer in the headlights', is in fear of his life" and does not want to tell you anything

[@MrJdsenior]

Oh, he wants to tell you a lot, but it has nothing to do with reality, much like the Kremlin, with its ludicrous nonsense concerning the war (smokers sinking ships, blowing up bases, etc..., anyone?).

[@gary1632]

Is this the 1st domino that fell in a global recession

[@HenkvanHoek]

It looks as an AI man. 😂

[@zoiuduu]

thats the audio u get when using a chinese hearphone

[@basengelblik5199]

Airpods?

[@zoiuduu]

@@basengelblik5199 whatever is that he is using

[@isonlynameleft]

I don't know why I thought I would get anything useful out of this interview. We all already know what's going on, THEY'RE IN BIG TROUBLE!

[@TC.C]

The guy in the interview hasn’t got a clue

[@maxb5957]

Max was here

[@jean-philippeleblanc2660]

pretty much bag holder action , gov already forced it to reform to protect consumers (people who paid for property ) and they mostly don't have extra money to pay investor / shareholders anything. once the accounting is going to be done it's just going to end up with western investor faced with a check for 0.00$ the assets that are valuable are already reserved to pay money back for failed home deliveries.

[@DarxKies]

"protect consumers" 😂😂😂😂

[@bobs_toys]

I'm sure everyone who's invested in property over the last couple of decades feels protected.

[@andrewharris3900]

This is why it’s a mistake to invest in China.

[@unfamiliarenvironments]

I'm always afraid this host is going to try to take a bite out of my calf

[@Lyle-In-NO]

Is it just me, or is the guy on the left super happy? What an odd.. uh.. interview?

[@LFC645]

Ah Mr. DW News, I’ve been expecting you…

[@Sparky5960]

Excellent report.

[@cybourne5910]

No Government bailout to the billionaire and investors!

[@chlcdny]

☆□° Historically...Even When Corporate Liquidation Occurs; And Any ReMaining Assets Are Actually Scrutinized As Possible Leverage...Are Creditors Actually Ever Paid Off?☆♡•

[@dont_listen_to_Albo]

Not so grande any more!

[@gialamhuynh5448]

Gary Ng looks like an AI. He is not real.

[@speculawyer]

Did China learn real estate investing from Trump? 😂