GG la... another evergrande, now is Shimao.. is it related to Wumao? Did anyone invest in this? any SG company?

[diablodestroyer]

https://www.scmp.com/business/banki...article&utm_source=Twitter#Echobox=1641541499

GG liao... Shimao running out of money, maybe wumao also cannot pay out liao....

But wa really one by one developer defaulting and defaulting....

And seems like CCP method now is to just secure local opinion so looks like at this rate, all those who been cutting corners and whatever, is best time to just straight away default and let the rest of the world tank it (because its just investments right? and investments have risk), and scrump up whatever money to pay partially to the chinese investors (since they get back a little and they cannot further protest anyway)

 

[PatrickTheStarFish]

十毛。。。

 

[Unic0rn]

https://www.scmp.com/business/banki...article&utm_source=Twitter#Echobox=1641541499

GG liao... Shimao running out of money, maybe wumao also cannot pay out liao....

But wa really one by one developer defaulting and defaulting....

And seems like CCP method now is to just secure local opinion so looks like at this rate, all those who been cutting corners and whatever, is best time to just straight away default and let the rest of the world tank it (because its just investments right? and investments have risk), and scrump up whatever money to pay partially to the chinese investors (since they get back a little and they cannot further protest anyway)

very good very well keep up one by one bankruptcies and the chinese property market can crash to be worthless haha

 

[BwaySaiDonk]

i think for CCP, ensuring social mobility is more important because the rich poor gap is widening and there will be social unrest
so they better sacrifice the property market to this extent

 

[buttbERry]

wumaos got comments bo?

 

[diablodestroyer]

wumaos got comments bo?

Shimao already no money.. I think they starting to think how to cannibalize the self and step over each other so they won't become the lowest of the low and the poorest of the poor liao...

All starting their own exit strategy

 

[Humster]

https://www.scmp.com/business/banki...article&utm_source=Twitter#Echobox=1641541499

GG liao... Shimao running out of money, maybe wumao also cannot pay out liao....

But wa really one by one developer defaulting and defaulting....

And seems like CCP method now is to just secure local opinion so looks like at this rate, all those who been cutting corners and whatever, is best time to just straight away default and let the rest of the world tank it (because its just investments right? and investments have risk), and scrump up whatever money to pay partially to the chinese investors (since they get back a little and they cannot further protest anyway)

You seriously think CCP don;t wanna save them meh? Its the cost of saving them would be a bloody black hole.

 

[diablodestroyer]

You seriously think CCP don;t wanna save them meh? Its the cost of saving them would be a bloody black hole.

I think it has reached a state that ccp is not capable enough, to sacrifice themselves to save them...

But of course how did they get to this state in the first place.. Wonder how far back did the mistakes start to form

 

[diablodestroyer]

Wow, interesting to hear more different views about all these crises happening in china,... sadly most of them are all in unison are about the bad state of China

 

[ballastic90]

Heng never buy

 

[Oxygenatedwater]

amazing no wumao come in comment.

 

[geekboy]

Double of Wumao.

 

[tankgunner]

Another one bites the dust

 

[fortunehunter]

Shimao English is tencents are

 

[pieface]

China slowly collapsing from within due to their own regime cracking down on their own businesses. Eventually the rest of the industries will follow suit and collapse.

Quite reminiscence of the fall of the soviet union. Self destruction from within.