Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
China's Evergrande Problem
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="vantexan" data-source="post: 5006023" data-attributes="member: 24302"><p>They owe $300 billion including to a lot of foreign banks. No one knows just how many other Chinese companies are in trouble also. If the Chinese government bails them out they most likely won't bail out foreign investors. Evergrande is offering real estate to its investors at a discount instead of money. If enough investors take them up on it there will be billions worth of real estate flooding the Chinese market. It will cause their economy to collapse. That will have a domino effect around the world. This isn't a partisan political issue. We may be looking at a Great Depression scenario.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5006023, member: 24302"] They owe $300 billion including to a lot of foreign banks. No one knows just how many other Chinese companies are in trouble also. If the Chinese government bails them out they most likely won't bail out foreign investors. Evergrande is offering real estate to its investors at a discount instead of money. If enough investors take them up on it there will be billions worth of real estate flooding the Chinese market. It will cause their economy to collapse. That will have a domino effect around the world. This isn't a partisan political issue. We may be looking at a Great Depression scenario. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
China's Evergrande Problem
Top