Breaking! The Richest boss of Property Giant Evergrande handcuffed and placed under house arrest by CCP Police!

[eatshitndie]

You should replace xi jinping. Anyway, xi jinping hates businesses. He will probably use state to take over developer. Everything including EV soon be under state control.

he’s hostile and jealous of anything that makes money and earns tiongs’ admiration. worst traits of a cult leader. all he cares about is absolute obedience and submission. another fucked up trait of a deranged cult personality.

 

[syed putra]

During this 40 years, The Tiong didn't create any value to their economy for all these years. They create the miracle by building and building infrastructure for the whole china.

Not trye. They are leading in renewable technology. From manufacturing solar panels, to modular nuclear power stations, to EV vehicles. German car companies are forced to work with china partners just to be on level terms.

 

[eatshitndie]

During this 40 years, The Tiong didn't create any value to their economy for all these years. They create the miracle by building and building infrastructure for the whole china.

the size of the cuntry, population, and economy after deng’s reforms catapulted to new heights with the importation and infusion of foreign investments, talent, sexpertise, and quality. deng even boasted that the only infrastructure and industrial equipment that survived the great tangshan earthquake was german. and he attracted much foreign investment and tech know how from america, europe, and japan including personnel and sexpertise that came with the hardware and hardcash. during jiang’s era it was also about importing superior know how from angmohs and japs. i remember i was in prc during both eras, and tiongs were eager beavers in everything foreign, absorbing new know how like a tiongbu tampon. the rot starts after hu, when tiongs under xi despises things foreign especially from west and jp and touts their own “ingenuity” and self-sufficiency. when the kempinsky hotel in beijing was built, it was mostly foreign design, inspiration, material, construction standards, with token tiong labor. after that, almost every major skyscraper in both beijing and shanghai were designed and built by foreign partners and contractors - reason why tiongs still trust foreign built highrises in both cities. after tiongs started to build their skyscrapers on their own from scratch under xi, cracks and corrosion started to appear. i would say not all but 69% of tall buildings built in the xi era are rotten to the core and foundation not talking lack of rebars and proper reinforcement in concrete. even the concrete is suspect. luckily, much of the hsr network in prc was built in the jiang-hu eras. if built during the xi era, sure die.

 

[realDonaldTrump]

they aim to liquidate evergrande eventually
https://www.wsj.com/articles/evergr...-on-corporate-restructuring-in-china-c5f0f7f3

 

[eatshitndie]

they aim to liquidate evergrande eventually
https://www.wsj.com/articles/evergr...-on-corporate-restructuring-in-china-c5f0f7f3

better for gov to take over, finish the buildings with so many contractors and workers not paid and out of work, fulfil the millions of contracts and purchases made by loser kum gong tiongs, honor their payments, give them the keys, and close the sorry chapter with some grace and integrity. otherwise, tiongs buay tahan sure revolt.

 

[congo9]

I I will welcome this notion that Tiong should break up and run their own province S Little country of their own.

 

[congo9]

Not trye. They are leading in renewable technology. From manufacturing solar panels, to modular nuclear power stations, to EV vehicles. German car companies are forced to work with china partners just to be on level terms.

They became world beaters by churning out cheapest ever product on whatever things they can lay on. They also get tons of subsidise from their own govt.

 

[duluxe]

The tremor following Chinese developer Evergrande’s downfall​

Lei's Real Talk

 

[laksaboy]

I'm sure the geniuses at Temasek had insider info on this, they thought they can 'buy low sell high' at this time. But they will bet on the wrong horse (again) this time.

https://asia.nikkei.com/Spotlight/D...Light-Capital-closes-3.3bn-greater-China-fund

 

[congo9]

I'm sure the geniuses at Temasek had insider info on this, they thought they can 'buy low sell high' at this time. But they will bet on the wrong horse (again) this time.

https://asia.nikkei.com/Spotlight/D...Light-Capital-closes-3.3bn-greater-China-fund

天上哪会掉馅饼？
Remember the Tianjin eco city, It has become 烂尾 to certain extent.

 

[nightsafari]

Let's say china takes away the financial wealth of some of their rich corrupted businessmen, it should be enough to boost their country's financials, right?

only if they redistribute it to the economy. More likely it will end up in the higher-ups personal accounts in recognizance of their superior leadership...

 

[nightsafari]

ccp gov is totally inept in addressing real estate crisis. this arrest does nothing but cause panic in the sector which accounts for 25% of the economy. instead, use this crisis which is self-inflicted as an opportunity for complete reform of the real estate sector. for sexample, as a 1st step forbid developers from collecting mortgage payments for homes not yet built. a less than 6.9% deposit may be ok to secure a purchase but not the entire amount thru’ shady mortgage financing and loans by developers who in the 1st place are not regulated and licensed bankers. full payment at completion of development and turning over of keys after walkthrough will incentivise developers to finish building homes faster and with reasonable quality. 2nd, increase standard ccp mandated 69-year lease (70 to be exact) on all residential properties to 99 or 150 to 199-year leases. this is a no brainer. tiong prospective buyers will feel more confident of their long term investments not only for gains but also in terms of security for at least one more generation, especially in a 150 to 199-year lease. 3rd, train a new generation of house appraisers and inspectors administered by local govs thru’ a stringent national standard building codes permitting and builders’ contractors’ licensing process. otherwise, homes in tianjin are like tofu while houses in guangdong are like mushrooms. bo cheng hu. anyhow build. tiongs will die in them for lack of proper foundation and structural integrity not counting leaks, lack of vapor barriers, shoddy plumbing, faulty electricals. 4th, financing. this one involves massive reforms in several sectors including various levels of local to national banks, shadow banks, insurance and financial firms. perhaps the last one is too messy and fucked up that ccp can’t do much as every ccp elite has their hands in the cookie jar.

Your #1 and #2 will never be implemented in tiongland because tiong...

#3 will require a total re-education of the population and culture. lagi impossible. because tiong...

but tiong aside, your points are solid.

 

[nightsafari]

During this 40 years, The Tiong didn't create any value to their economy for all these years. They create the miracle by building and building infrastructure for the whole china.

where got no value? they enriched all the politicians who brought all their money overseas. those guys definitely saw value creation in their personal accounts.

 

[congo9]

Your #1 and #2 will never be implemented in tiongland because tiong...

#3 will require a total re-education of the population and culture. lagi impossible. because tiong...

but tiong aside, your points are solid.

Tiong will use the money on hand to produce more money via shady loan.

Aibaba used the money from the payment proceed of taobao to supplier to lend more money from bank. There's a 14 days lag before supplier get their money via taobao when they sold their goods.

 

[hairylee]

You should replace xi jinping. Anyway, xi jinping hates businesses. He will probably use state to take over developer. Everything including EV soon be under state control.

If Xi does not control businesses these "tycoons" will sell out the country to Americunts and the Jews.

 

[syed putra]

Tiong will use the money on hand to produce more money via shady loan.

Aibaba used the money from the payment proceed of taobao to supplier to lend more money from bank. There's a 14 days lag before supplier get their money via taobao when they sold their goods.

14 days not bad. I was told if you supply yo cold storage maybe 6 morning months lag, from 1-2 month initially

 

[nightsafari]

Tiong will use the money on hand to produce more money via shady loan.

Aibaba used the money from the payment proceed of taobao to supplier to lend more money from bank. There's a 14 days lag before supplier get their money via taobao when they sold their goods.

either way, screwed over population will not be rescued.

 

[realDonaldTrump]

The struggles in China’s real-estate industry and weak Chinese domestic demand pose a risk to the Japanese and global economies, Japan’s new economic minister says.​

https://www.morningstar.com/news/do...arns-of-risk-from-chinas-real-estate-troubles