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China real estate fasak??? All crypto going down


Sreeven

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7 hours ago, Ryzen_renoir said:

Evergrande will have a small impact but Chinese market is so disconnected from rest of the world , it wouldn't even matter 

The real losers are the 2 million customers who paid in advance  for apartments  and  Chinese banks  (strongly capitalised ) 

There is some talk on Weibo that Evergrande management pissed off xi jinping and he is going to let the company become bankrupt and the state is going to  take over the assets afterwards

Vachinava, China anaganee dusukuni vasthv ayina China appullo kurukku poyindi antakada 92 trillions ante too much

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5 hours ago, sri_sri999 said:

Vachinava, China anaganee dusukuni vasthv ayina China appullo kurukku poyindi antakada 92 trillions ante too much

92 tril ? Not true 

the debt numbers doesn't matter as long as they can service it 

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